After signing the contract, the buyer must enter into his due diligence to ensure that the purchase can be concluded as planned and that there will be no problems after the change of ownership. Buyers should carefully check the condition of the assets to be acquired. Consider building and termite inspections as well as equipment testing and other physical asset checks. Also talk to suppliers, service staff and others to check all claims from the seller as well as with customers and potential customers. Buyers should carefully check and verify financial reports and tax returns with their accountants. If verified instructions are available, call them. Determine if the items in the statement look suspicious, which can lead to penalties for fraud or negligence. Determine if the seller has been reviewed or if the seller is currently testing one. Determine if the tenancy or tenancy is late and if appropriate renewal options have been exercised. Consider transferring or managing bonds and taking them into account in the agreement. Will the seller`s receivables be assigned to the buyer? If so, look at these accounts. Are they collectible? Are there grounds for controversy or compensation? How old are they? And so on.

As a rule, a discount is granted to ensure fairness, or the buyer is reluctant and a later billing date is set. Are customer lists up-to-date and correct? Buyers should talk to customers, at least with important customers. Do you see if the company depends on a few customers? Are they related to the seller? Can customers be expected to continue to do business with the buyer? Is the relationship between the seller and the suppliers good? Will they continue to extend credits on the same terms to the buyer? Ask. 7. LUMP SUM DAMAGES. All provisions, agreements and conditions set forth in this Agreement apply to the heirs, executors and administrators of the parties involved and, in the event of failure, the parties bind to each other in the amount of $____ dollars, as fixed damages and paid by the losing party. Seller`s obligations are subject to the condition precedent that all warranties, assurances and assurances that Buyer underwritten to Seller in this Agreement are true and correct in all essential respects during and from conclusion, with the same effect as if such warranties, insurances and assurances had been received on the date of conclusion and on the date of conclusion. and the buyer must, for its part, have complied with or complied with all agreements, agreements and conditions that must be perfected or respected on or before the conclusion.

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