Do Reps and Warranties have any value?

 

Alexia wants to know about the warranties offered by sellers.

If someone lies and costs you money, you sue them right?

But what if the solution costs more than the problem?

This is the issue with representations and warranties when we talk about small business transactions.

In order to deal with potential lies and misdeeds on the part of sellers, we need two powerful tools that we can use in the event there is a problem.

Watch here: https://youtu.be/LStVgWOM2LI

Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com   

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.com

Book a call with me at https://www.clarity.fm/davidbarnett

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Shahara Wright. Texas Small Business Attorney on changing agreements during the Covid-19 Recession.

Bust a deal, face the Wheel!

Remember that Mad Max film; Beyond Thunderdome?

It may be feeling like the end of the world out there but if who parties need to bust a deal, they still don’t have to face the wheel.

This week, I interview Texas small business attorney Shahara Wright about the considerations we need to take when altering a contract.

This is happening a lot as a result of the pandemic.

Tune in and see what Shahara has to say about contracts and what she’s seeing amongst her clientele in Texas: https://youtu.be/K7IrcezlI9E

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   

Book a call with me at https://www.clarity.fm/davidbarnett  

Stop missing my videos and other news. Join my email list here: https://www.DavidCBarnettList.com   

Small business customer and client contracts and service agreements

Do you use the right paperwork with your customers or clients?

Braden works with small business owners all over the US and gives us some insight into the trouble and fixes regarding engagements.

The advice is practical no matter where in the world you are.

What does a good client contract need?

What’s wrong with what many businesses use?

I even tell a funny story about how I changed a contract before signing it without the other party realizing it.  It’s good.

Seriously, it’s not boring.

Watch the video of our chat here: https://youtu.be/UNhSD1R7JH4

Learn how to buy a successful business at https://www.BusinessBuyerAdvantage.com

Get an Audible subscription and listen to my book How to Sell My Own Business: A Guide to selling your own business without paying a broker’s commission for FREE.

Book a call with me at www.clarity.fm/davidbarnett

Stop missing my videos and other news. Join my email list here: www.DavidCBarnettList.com

#entrepreneurship #smallbiz #business #contract #legal

[VIDEO STORY] The long drive to small claims court

I tell the story of the time I had to sue someone in Edmundston, NB.  A city which is a 5 hour drive from where I live.

I talk about contracts, agreements, my experience with a collection agency, the value of learning by doing and making sure you don't get a poor reputation in business.

Enjoy.