Episode Details

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Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) are joined by Eric Pacifici (@SMB_Attorney), to talk about all things legal:
M&A legal documentation, what an attorney does, the different legal aspects between small and big deals, litigation, indemnification, intervening when the lawyers slow down your deal, buyer & seller best practices on deals, negotiation leverages, and MUCH more.
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Show Notes:

(00:00) - Introduction to legal secrets you need to know for SMB M&A
(00:50) - Our sponsor is Cloudbookkeeping.com
(02:15) - SMB Attorney has Come Out of the Closet!
(05:46) - How Do You Find An Attorney?
(11:36) - What is Indemnity and the Mechanics Around It?
(21:00) - What is a realistic amount of time budgeted for legal documentation?
(23:53) - How can you keep your deal on time when an assessor slows you down?
(27:00) - How can you keep the other parties’ lawyers on time to avoid a deal from breaking down?
(36:06) - What is the role of the lawyer in the deal?
(38:55) - Who should prepare legal documents? Buyer, seller? How does that play in the evolution of the deal?
(43:02) - Big Firms vs small firm tradeoff: What’s to note?
(48:04) - Money, fees & fee structure: Explained
(54:10) - What usually prevents litigation?

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Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.

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#98 Insurance Broker Secrets for Business Buying - Tom Gilroy - Acquisitions Anonymous Episode 98

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

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