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They bought it hook, line and sinker. It closed the deal. It worked because it is true, because we had a good faith relationship, and because it was a walkaway
by lucasgonze 10y ago
They bought it hook, line and sinker. It closed the deal.
It worked because it is true, because we had a good faith relationship, and because it was a walkaway issue for me.
- gnicholas 10y agoGlad to hear it! It's actually pretty difficult to disentangle the valid (legit claims against you that would be brought against them, due to increased awareness) and invalid (illegitimate claims brought against them, just to extract settlement value) potential causes of action. Did you not have to set aside any purchase price in escrow for indemnity? Were any claims ever brought?
- lucasgonze 10y agoInteresting point about the escrow account. They didn't ask. I wonder why they let it go. I suspect it was because we all wanted to close the deal. Sometimes that's what it comes down to. The labels complained during negotiations, later on, but never brought claims. I ran a clean house that would have been hard to sue, so the people who were unhappy needed to use other business leverage.