Contract help...

Anyone have any copies of contracts I could take a look at?

I'm working w/ a friend to buy a local grocery store and I want to get a contract w/ the owner to hold the store while I come up w/ the funds.

TAI,

Jason-

 

jason,

having purchased businesses and real estate, i can only tell you to use an attorney..

do you have any friends who are attorneys??... review any documents/contracts that are drafted with an attorney.....

 

I am not a lawyer so this is not job security, but I own my own business and have been in business for about 25 yrs. now. Hire a good lawyer familiar with buy / selling of property and busniesses.

You will spend a few hundred dollars up front but in the long run it will be money well spent.

My $0.02.

 

Jason, everyone here is right. Find a good attorney who specializes in this stuff and find a good accountant. Together they can point out the things you have missed or not thought of. I've bought and sold a few properties and businesses over the years and my lawyer and my accountants fees seem really inexpensive compared to the savings I've gotten.

 

Don't go it alone. I felt like a kid {18} when I asked questions about a business, but I knew what I was doing was safe and smart. These people don't care if you are a total moron! They are more like machines, spitting out information. Take the advice from them and make yourself a star!

 

Trust me, get a good lawyer. You get what you pay for.