In a recent article published on Law.com, one of the premier legal industry publications, Gunster shareholder Joseph P. Chase discusses key factors business owners should consider prior to engaging an investment banker during the selling process.
When business owners decide to engage an investment banker in the selling process, an engagement letter is drafted between the two parties. Chase explains that these letters typically contain numerous technical provisions, which an experienced deal lawyer can help a business owner navigate.
Chase cites some of the most critical issues that should be detailed in the engagement letter, including list of services, retainer and fees, provisions, reimbursements, and termination and indemnification provisions, among others.
Joseph P. Chase is a Gunster shareholder and practices Corporate Law in the firm. He acts as an advisor to business owners, private equity firms, and companies in a wide range of industries. He represents clients in connection with M&A work, purchases and sales of businesses, recapitalizations, debt and equity restructurings, executive compensation and incentive equity matters, as well as general corporate matters. In addition to representing business owners and their companies, Joe also represents private equity firms in connection with purchase and sale transactions and myriad other legal needs.
To view the entire Law.com article, click here: law.com/dailybusinessreview/2020/09/04/investment-banker-engagement-letters-key-considerations/
