Episode 143 – Selling a Business: Your attitude can impact your legal bill

Welcome to the latest episode of the Apex Business Advisors Podcast!

The episode kicks off with an anecdote from Andy about a prospective buyer, emphasizing the significance of clear communication and setting proper expectations in business dealings. Andy and Doug explore the challenges that arise when parties involved in a transaction fail to follow through on commitments and the importance of being a “good steward” of time and resources.

As the conversation unfolds, they discuss a case involving a lengthy purchase agreement that sparked concerns over potential legal costs. Andy and Doug highlight the critical role of attorneys in these situations and how a client’s attitude can significantly impact legal expenses. They offer insights into how paranoia and mistrust can complicate negotiations and drive up legal bills.

Throughout the episode, Andy and Doug share valuable tips on effectively managing attorneys and legal documents to ensure a smooth transaction process. They emphasize the importance of focusing on key negotiation points and maintaining open communication between buyers and sellers to avoid unnecessary complications.