Post Close - Contracting Company - Services or Management Agreement

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by a searcher from Brigham Young University
in Kahului, HI, USA

3yrs ago

Post Close - Contracting Company - Services or Management Agreement

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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reply by a searcher 3yrs ago
from Brigham Young University in Kahului, HI, USA

Thanks Peter. Our attorney is working on it, but I would be interested in a comparison to see what gets included or left out. Only if it isn't a hassle though! redacted

reply by a professional 3yrs ago
from Dartmouth College in Los Angeles, CA, USA

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.