Post Close - Contracting Company - Services or Management Agreement

by a searcher from Brigham Young University

2 years ago

Closing on a contracting company. 

Our new entity will not be licensed in time, 

Verbal agreement has been made to continue to use the seller license via a partnership, management agreement or services agreement. Anyone have experience with a similar situation or a draft agreement?

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4 comments

searcher

When you say meet seller's family. What's your approach? Do you just say "can I meet your family?"

2 years ago | like reply | 0 likes

professional from Dartmouth College

Very common situation, often the agreement to utilize the license is baked into the purchase agreement, but it should be fairly simple to prepare a draft management agreement. You can look online or your lawyer should be able to put together pretty quickly.

2 years ago | like reply | 1 like

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