4 ms·

What about all the people who don't have a normal contracts counsel?

• tptacek 2y ago
  Look, at the point where you're selling a company in a multimillion dollar transaction, some of these excuses go out the window. Get a lawyer, and then ask your lawyer for a referral to an M&A practice. Company acquisitions are a shitload of specialized work; it's honestly weird for me to hear that a general practitioner handled this person's earnout contract.
  • deleted 2y ago
    [deleted]
  • smcin 2y ago
    It's not an "excuse". I'm surprised that you've never seen bad lawyer referrals. You honestly haven't? (and I'm not talking about general practitioners). I've also seen a (pedigreed) General Counsel that sank a tech company.
    • hluska 2y ago
      Honestly pal, if you’re in a position to sell a company for the kinds of dollars that PE deals with, you needed a lawyer a long time ago. I understand that they’re expensive, legalese is intentionally difficult to understand and lawyers aren’t builders so they’re not worth funding. I understand those excuses because I’ve used them. But you needed a lawyer a long time ago. If you actually don’t have someone who deals with contracts, terms and things like that, fix that first.