If you are a business owner looking to seize an opportunity for a transaction before the end of the year, beware that time is of the essence. Start mobilizing your business and legal advisors and preparing for a transaction, so that you are ready for the wave of mergers and acquisitions in the fourth quarter of the 2020 calendar year.
Contracts are generally complicated and, sometimes, intimidating. As a result, some business people refuse to sign them, opting instead for a “handshake” deal. With that said, there are some reasons that a written contract, no matter how simple or sophisticated, is beneficial to a deal...