The purchasing or selling of a business can create many benefits for you in the future. At Cooper Law LLC, we are dedicated to providing legal advice for those in the process of completing business transactions. Our extensive experience in business law has given us the skills to create value for businesses all over the United States, and we want to help you do the same.
Contact us today in New Haven, Connecticut, to request a free consultation and to learn more about our services. We also provide guidance for businesses and clients in the areas of Bridgeport, Hartford, Stamford, and New London, Connecticut, as well as New York.
If you as a business owner have already negotiated the basic terms for a transaction, our attorney at Cooper Law LLC may draft a letter of intent or a preliminary term sheet. There could be several purposes for doing this, including obtaining:
a written binding commitment from the other party to move forward in good faith to definitive documentation of all the terms in the letter of intent,
the other party’s obligation to keep the client’s disclosures confidential,
the other party’s agreement not to shop around for another buyer, either for a set period of time or for as long as negotiations are moving forward toward final documentation.
Get skilled counsel before you negotiate or document your business transaction. Turn to us at Cooper Law LLC for advice backed by decades of experience.
We also provide advice to buyers and sellers on the basic conflict between the buyer’s interest in acquiring the assets of the company free of any associated liabilities and the seller’s interest in selling the stock or equity of the company (with all of the associated liabilities).
We can help a client understand the definitive transaction documents or the basic terms set forth in a letter of intent (or term sheet). We can also help a client:
understand alternative structures for a transaction to buy or sell a business (or a set of business assets),
complete effective due diligence in order to understand and know more about the business they are buying or about the buyer with whom the seller is negotiating,
understand the allocation of the total consideration between the selling entity and the owners of the selling entity, and
negotiate and draft (or review and revise) appropriate sale or acquisition agreements and other documentation.
This might include negotiating and drafting promissory notes reflecting promises to pay a portion of the purchase price over time, an escrow agreement regarding the escrow of some portion of the purchase price (in the event that the business does not perform as expected), and a security agreement and financing statement under the Uniform Commercial Code, creating a security interest in the assets transferred in the event that payment is not made in full on the promissory note or other promises to pay.
If you are looking to sell or buy a business and need the legal guidance with the process, contact us at Cooper Law LLC today in New Haven and set up a free consultation.
Are you looking to purchase or sell a business or any of its assets? Our business law attorney, Isaiah D. Cooper, Esq., at Cooper Law LLC is ready to advise you on the potential benefits of a business transaction. Contact us in New Haven today to set up a free consultation. We also serve the neighboring areas of Bridgeport, Hartford, Stamford, and New London, Connecticut, as well as New York. Get in touch with us today and see how we can assist you with your business ventures.
Buying or selling a business can open the door to a lot of opportunities in the future. At Cooper Law LLC, we help businesses effect transaction that will ultimately benefit you as the seller or buyer. Reach out to us at our office in New Haven, Connecticut, to set up a free consultation with our business law attorney.