The Hidden Pitfalls Sellers Overlook in Early Purchase Agreement Drafts
When sellers prepare the first draft of a purchase agreement, it often reflects excitement about moving the deal forward rather than a thorough assessment of potential risks. The document may look complete on the surface, but many early drafts contain oversights that weaken the seller’s negotiating position or expose them to avoidable liabilities. These gaps don’t always stem from inexperience; even seasoned sellers sometimes underestimate how nuanced purchase agreements must be to protect their interests. Addressing these issues early can prevent costly revisions, delays, or disputes as negotiations progress. Understanding the points commonly neglected in initial drafts allows sellers to craft stronger agreements and ensures the transaction moves smoothly toward closing. Buyers expect clarity and specificity, and the first draft sets the tone for the negotiation process. A well-constructed agreement not only increases buyer confidence but also reduces the risk that the seller will be...

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