New Jersey business transactions attorney, Harold I. Steinbach, discusses how the parties, assets, purchase prices, closing date, conditions, representations, indemnification, and other things like notices.
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The party’s, of course, and very often a seller will have to make, the seller’s owner will have to make guarantees. But the party’s, what assets are included and excluded, what contracts are assigned, purchase price, when’s the closing date, what are the conditions of closing, representations and warranties where the seller explains what the business looks like, an indemnification section for the seller to make the buyer whole if there are misreps. And then the normal miscellaneous ones, notices, and things like that.