Selling your business? The Definitive Purchase Agreement (DPA) can make or break your deal. In this second part, I walk through the vital sections that protect your interests when selling your company.
β GET MY FREE EXIT READY BUSINESS TRAINING: https://www.dubos.me/training β TAKE THE EXIT READY BUSINESS ASSESSMENT: https://www.dubos.me/exit-assessment
π WHAT YOU'LL LEARN: β How covenants protect both parties between signing and closing β The critical conditions that must be met before your deal finalizes β How indemnification manages risk after the sale closes β Understanding termination clauses and what happens if deals fall apart β The importance of cash waterfall and escrow in your final payout
π― WHO THIS IS FOR: β Business owners planning to exit in the next 3-5 years β Entrepreneurs who want to maximize their sale price β Business leaders navigating late-stage acquisition talks β Anyone who needs to understand the legal framework of business sales β Owners who want to protect themselves during the sale process
β±οΈ CHAPTERS: 00:00 Introduction to DPA Series Part 2 00:31 Covenants Section Explained 01:36 Conditions to Closing Requirements 02:40 Indemnification and Risk Allocation 03:42 Termination Clauses and Consequences 04:26 Miscellaneous Provisions Importance 05:09 Schedules and Exhibits Overview 06:19 Cash Waterfall and Distribution Strategy 09:16 Closing Thoughts on DPA Structure
ποΈ About Jim DuBos & The DuBos Group: With 35+ years as a serial entrepreneur, Jim DuBos has founded 10 companies and successfully exited 7 of them. His expertise in growth strategy and exit planning comes from real-world experience navigating over 20 acquisitions. Jim now helps business owners maximize their company value and execute successful exits.
Connect with Jim: β Website: https://www.dubos.me β LinkedIn: https://www.linkedin.com/in/jamesdubos/ β Email: Entrepreneurship@dubos.me β Free Exit Ready Business Training: https://www.dubos.me/training β Take The Exit Ready Business Assessment: https://www.dubos.me/exit-assessment
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Topics discussed: definitive purchase agreement, business sale contract, DPA sections explained, business exit strategy, covenants in business sale, conditions to closing, indemnification in business sales, termination clauses explained, business sale documents, cash waterfall in business sale, business acquisition structure, exit planning strategy, business sale preparation, M&A contract terms, purchase agreement negotiation, entrepreneur exit planning, business owner exit, selling your business, maximizing business sale value, exit ready business
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