Video: Interesting piece at the end of this video on why it is important to include survivor clause in all of your contracts. A survivor clause simply states that in the event the business changes hands, the obligations of the contract survive the change of ownership. This is important to a buyer because the assurance customers will stay has value. The ability of customers to wiggle out of contracts and leave can severely degrade the value of the business.
Video at:
What to Do When You're No Longer the Only Shareholder | Inc.com:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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