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Absolutely get a lawyer and/or banker involved on your side, just be there to control all their interactions with the other side.
by staunch 16y ago
Absolutely get a lawyer and/or banker involved on your side, just be there to control all their interactions with the other side.
- gfodor 16y agoI don't have any experience involving bankers in a M&A deal but it's important that you monitor the work your lawyer(s) are doing pretty closely. Even good lawyers will have a tendency to want to refine the contract past the point of diminishing returns or go off and do random tasks in order to pad their hourly fees. You can potentially get them to agree to a fee cap for the deal, but unless there's other reasons for them to want to do a thorough job (like future business with your acquirer, etc.) it'll probably do more harm than good. All that said, you'd be absolutely mad to not have good lawyers on a deal like this. All it takes is one booby trap in your contract for all your hard work to get flushed down the toilet.