Wednesday before Easter, the meeting took place and both parties agreed on the terms and conditions to move to Due Diligence.
Both agreed that the Heads of Agreement would be signed by the commencement of Easter.
Both again agreed that it would be done by noon on the following Tuesday.
Now the buyer has come back with new terms and conditions. The seller is thinking “you have got to be joking” (or is that really me…). Who/what am I really dealing with here?
It has now got to “have the deposit in the bank tomorrow by noon or the deal is effectively off”.
Fortunately we have Plan B in the wings.
Can’t say I understand the stalling tactic, nor do I condone it.
Won’t Thursday be interesting….
- Don’t You Love It When the Heads of Agreement is Signed, but…
- The Meeting of the Buyer and Seller to nut out the Details of the Details…
- Do you own a valuable business?
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