Transaction attorneys like Timothy Duncan of Bloomington can help small-business owners and entrepreneurs make a satisfactory exit when they decide to sell a company. The attorney Chase chose — Timothy Duncan of Coleman, Hull & van Vliet in Bloomington — negotiated the terms of the purchase agreement after Chase and the buyer had settled on a price. Duncan suggested some provisions that, among other issues, addressed how to handle remaining revenue after the sale and Chase’s continued employment with the company he founded in May 1959, Chase said. As Chase found, however, a transaction attorney can help an owner with initial preparation for a sale, negotiating first a letter of intent and then a purchase agreement and finally aiding with the closing. When the negotiations lead to a purchase agreement, a section that sellers must pay particular attention to is the one involving the representations and warranties they make about the company, Duncan said. Add your sale to the Twin Cities On Sale Calendar Retailers, if you have a sale, you need to add it to the Twin Cities On Sale Calendar. read more

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