The Purchase Agreement The purchase agreement (PA) is the next major legal document after signing the LOI. The purchase agreement incorporates the terms from the LOI and includes new terms and conditions. It is important for the seller to be involved in understanding and navigating this document, with assistance from an M&A advisor and attorney.

Exploring exit strategies is a critical process that CEOs should approach with careful consideration. Selling a business is often the most significant transaction a business owner will undertake, making it crucial to find the right acquirer, at the right time, and for the best price. The potential financial and personal implications of a sale are