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Precautions before selling a small business with delayed payment
Hello,
We have a buyer for a small business for sale. The buyer wants to purchase the company at a discounted price but pays months after the purchase.
We are concerned he may sell the materials, some other nefarious activity, or not pay at all.
What would be your legal advice on this matter?
Thank you

Ahmad Anwahi Advocates & Legal Consultancy
16 Mar 2022, 18:55
It is imperative in such cases to have a proper notarized Sale and Purchase Agreement clearly mentioning the outstanding payments and the duration of the payments.
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