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A Business Law Blog for Entrepreneurs, Startups, Venture Capital, and the Private Fund Industry.

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Closing Archives

Legal Considerations for Selling Your Emerging Growth Company Part 7: The Closing

February 15, 2017 by Alexander J. Davie

businessman selling growth We’ve come to the end of our 7-part series on selling an emerging growth company, and now it’s time to seal the deal. The closing is the crucial final step in the sale, where ownership of your company officially changes hands.

The actual closing is a fairly straightforward affair, and not unlike the closing of a real estate purchase. Two main things will happen. First, the finalized deal documents, signed by all relevant parties, are exchanged. The signing may take place at the closing, but in some instances, the documents may be signed ahead of time. Second, the buyer pays the agreed purchase price to the seller. Once these two things are done, the business officially belongs to the buyer. [Read more…]

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Filed Under: Mergers & Acquisitions, Startups and Venture Capital Tagged With: Closing, Earn-Out, M&A, Third party consent

Selling Your Business – Practical Tips for Sellers – Part 9: The Closing

April 17, 2013 by Casey W. Riggs

This is part nine of our series discussing the sale of a business from the seller’s perspective.  We’ve covered deal structure issues, seller financing, earn-outs, letters of intent, due diligence, and the first three sections of the purchase agreement dealing with (i) major business points, (ii) representations, warranties, and disclosure schedules, and (iii) pre-closing covenants and conditions to closing.  In this post, we’ll discuss the closing of the purchase and sale transaction. [Read more…]

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Filed Under: Mergers & Acquisitions Tagged With: Closing, Closing Checklist, M&A

About the editor

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Strictly Business is a business law blog for entrepreneurs, startups, venture capital, and the private fund industry. Its editor is Alexander J. Davie, an attorney at Riggs Davie PLC based in Nashville, Tennessee. His practice focuses on corporate, securities, and business law. He works mainly with technology companies, including startups and emerging companies, and private equity, venture capital, and hedge funds.
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