Robert Shipley is problem-solving trial attorney with experience arguing cases on the Illinois Appellate Court. He is a considered a trusted advisor by many business owners, and is here to share his knowledge with us today. In this interview, he discusses some of the legal issues that may arise when you are selling a business, such as what happens when you have disputes with the buyer during the sale. He also address issues you may have with your landlord.
Key Points from our Conversation
- The best method to ensure alternative dispute resolution is used is to incorporate such a requirement into the discussions leading up to the execution of the contract, as well as included in the final contract document.
- You should review the terms of the lease prior to contemplating selling your business.
- The best option to try and ensure such continuity is to be proactive in the negotiations.