Californian business owners like you understand exactly how complex laws can be when you are handling matters of business. Selling and purchasing agreements are certainly no exception, but we at Lawrence R. Jensen & Associates, are here to help you through.
There are many issues that can come along with selling and purchasing agreements. As much as we all wish every business transaction could run smoothly, unexpected issues can and do crop up. A few potential areas of concern can include:
- Environmental claims
- Commercial leases
- Zoning ordinances
- Title defects
- Defect disclosures
- Eminent domain claims
- Breach of purchase agreement
Try as we might to be prepared for everything life can throw at us, there are simply too many areas in which there are wild cards. The sale or purchase of property or business can be affected by the seller or purchaser’s financial state, or the state of the business or property itself. City, state, or even federal ordinances can play a part. There may be issues with property claims, taxation, and other financial burdens.
Matters of real estate should always be treated seriously and swiftly. Considering how much businesses can cost and how high property prices can skyrocket, misunderstandings can take a heavy financial toll.
Are you looking into either selling or purchasing a property or business? Take a look at our web page on purchase and sale agreements, linked above. You can learn more about the intricacies and potential risks of purchase and sale agreements, as well as what you can do to minimize said risks.