When you make a significant purchase, prudence dictates that you carefully study what you are buying. For example, many people have mechanics inspect used cars to reduce the chances that they are buying a lemon. Due diligence in the purchase or sale of a business is a similar concept. The purchaser is likely paying a great deal of money, and could be assuming significant liabilities, and so wants to make sure that the purchase makes business sense. This article explains how a business lawyer can help with the diligence process.
- Summary by FizzLaw Team
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Due Diligence Basics for Buying a Business in Texas