This paper provides an overview of practical and substantive considerations for lawyers to effectively close the purchase and sale of a business. First, preparing ancillary agreements and other closing documents is reviewed. Next, the practical aspects of managing the transaction from start to finish are discussed, including tips for organization and handling the closing itself. Finally, a brief overview of post-closing considerations is provided.
This paper also includes, as appendices, an example working group list, an example closing agenda, examples of master signature page documents, and an example signature checklist.
This paper is part of a collection presented at LESA’s Buying and Selling a Business seminar held in Edmonton on March 2, 2017 and in Calgary on March 9, 2017.