Understand What You Are Promising the Buyer Before you Sign the Contract
A case recently filed in U.S District Court for the Southern District of New York shows what can go wrong in what is supposed to be a win-win scenario – the sale of a small staffing firm to a larger firm that wants to grow through acquisitions. While the outcome in this case is a long way from being determined, one thing is certain – neither party is happy. This is a tale that all prospective buyers or sellers of staffing firms should heed.
