Ask The Expert

Why do others require a contract, but not Morgan & Westfield?

Most brokers require a contract because they work on a commission-only basis, meaning they don’t get paid unless they sell your business. They will be hesitant to invest the necessary time upfront to sell your business if they aren’t certain of getting paid for that time. For this reason, they have clients sign a contract that commits to working with them exclusively for a period of time, typically one year or more.