APPENDIX E
What to Look for in an Engagement Letter
Selling your company is a huge undertaking: financially, emotionally, legally, and personally. Like all transactions in which you retain an individual or a firm to represent you, that relationship is governed by a contractual agreement, usually in the form of an engagement letter. I suggest that you ask your attorney to review any engagement letter that you consider signing to make sure that it satisfies the legal requirements in your state and that it protects your interest.
1. Services
What services does the investment bank say it will perform?
Will it use an existing list of possible buyers ...
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