Clark Wilson is a multifaceted law firm based in Vancouver, BC with a strong track record of being highly integrated into our clients’ businesses. Known for our industry insight, entrepreneurial culture and strategic networks, we actively seek to connect our clients with the people, resources and solutions they need to succeed.
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The sale of a business to a third party is a great business
succession strategy. While a sale is a complex and time consuming
process, a business owner needs to know when to push the
negotiations and when to hold back. One issue that can derail a
negotiation is whether or not the seller of a business should
insist on a deposit, a break fee or neither.
Firstly, what's the difference between a deposit and a break
fee? A deposit is one way of confirming that a buyer is
serious.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Clark Wilson is a multifaceted law firm based in Vancouver, BC with a strong track record of being highly integrated into our clients’ businesses. Known for our industry insight, entrepreneurial culture and strategic networks, we actively seek to connect our clients with the people, resources and solutions they need to succeed.
