Learn about 14 dangerous clauses hidden in business broker NDAs that can cost buyers thousands. NC attorney reveals attorney-in-fact provisions, liability traps, and hidden fees in confidentiality agreements.

Discover why business buyers should never provide personal financial information to brokers without protection. Learn how to safeguard your leverage and privacy during business acquisitions.

Discover how broker misvaluations, invalid add-backs, and conflicts of interest cost sellers and buyers millions, and learn why specialized legal counsel is essential to protect your sale or acquisition.

Selling your business is one of the biggest financial decisions you will make. While business brokers advertise "turnkey" solutions and promise to tap their networks, their 10–15% fee on the sale price can translate into tens, if not hundreds, of thousands of dollars lost.

If you have ever worked with a business broker to sell or buy a company, you may have heard claims of a business being “pre-approved for SBA financing” or the broker telling sellers and buyers they “have a preferred bank that can close faster than others.” What you likely did not hear is that the broker also gets paid by that bank when the loan closes.

Witnessing the aftermath of these failures firsthand through clients who lost their life savings to fraudulent brokers, had their funds stolen by unlicensed practitioners, or suffered massive financial harm through gross incompetence that would have been prevented by basic professional oversight.

Imagine if anyone could hang out a shingle tomorrow and start calling themselves a doctor, lawyer, or financial advisor with zero education, no licensing requirements, no oversight, and no accountability. Sound absurd?

After three comprehensive parts analyzing the Business Brokers of Florida standard Asset Purchase Agreement, Howard Law's position remains unchanged: buyers should refuse to execute this document in any form and instead demand attorney-drafted purchase agreements that actually protect their interests.

The BBF contract represents sophisticated drafting designed to create maximum advantage for brokers and sellers while shifting maximum risk to buyers who will bear the greatest financial exposure in these transactions.

The BBF Asset Purchase Contract represents a masterclass in one-sided contract drafting designed to protect everyone except the buyers who will bear the greatest financial risk in these transactions.