DUE DILIGENCE
Investigations
Once a binding contract is entered into, both the buyer and seller have a period of time to perform their respective due diligence. The buyer is entitled to review the books and records of the company. Likewise, the seller is entitled to qualify the buyer, and may request proof-of-funds, a credit report, or other. If either party is not satisfied, the agreement can be cancelled if requested prior to expiration of the due diligence period.
Responsibilities
Throughout the purchase process, Business Advisors Network will help facilitate the exchange of information between you and the seller. We do so without any independent investigation, and take no responsibility for the integrity, accuracy, completeness, or truthfulness of the information exchanged. You are required to rely solely on your own investigations, and are encouraged to seek assistance from CPAs, tax advisors, attorneys, and other professionals, as you deem necessary.
Contingency Removal
Once both parties are satisfied with their respective due diligence, you will sign a Contingency Removal form to signify your acceptance. A second deposit check will be required and escrow will be opened.