(Video Length: 0:0:55) What is franchising and how does it work? Franchising occurs when an independent business owner opens one or more locations of an existing business by purchasing the brand rights from the company. When buying a franchise, a franchisee will have access to the business plan, trade secrets (such as recipes), marketing materials, […]
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An M&A lawyer is in charge of setting all the pieces of the merger or acquisition together. She in the middle of the conversation between both parties and their respective advisors. The M&A attorney is the one leading the transaction, as she is the point of contact that reunites the rest of the deal team
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Why is it important not to skip due diligence I get a lot of clients who have problems after they bought a business. Unfortunately, many of the problems were avoidable, but the biggest mistake we have seen by buyers — particularly when the buyer bought the business without an attorney — is skipping the due
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What is a Letter of Intent? An LOI is a document that establishes an agreement between two parties that are negotiating a business transaction, such as a business acquisition, merger, or joint venture. In M&A, the letter of intent is a formal, non-binding offer to buy a business from a seller. The first step of
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What is Due Diligence? Due diligence is the process of examining the business details and data when buying a business. It’s similar to inspecting a home before closing on the house. A buyer will want to check, to name a few things, the financial health of the company, the quality of the standard operating procedures,
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