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Self-funded searchers, franchise buyers, and commercial tenants

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Asset Purchase Agreement Review: A Buyer's Step-by-Step Process

How a small-business buyer reviews an asset purchase agreement: the order to read it in, what to check against diligence, where attorney time should go, and how long it takes.

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How Long Should Indemnification Survival Last?

A survival provision sets contractual claim timing, but its effect depends on the representations, accrual language, notice, remedies, law, insurance, and other deadlines.

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What Is a Market-Standard Indemnification Cap? (2025 Data)

What a market-standard indemnification cap looks like in an SMB acquisition, using the 2025 ABA and SRS Acquiom deal-terms data. Median caps, how rep and warranty insurance changes the number, and what a searcher should push for.

12 Acquisition Contract Clauses SMB Buyers Must Check

The 12 APA and deal-document clauses that can change price, closing certainty, and post-close recovery in an SMB acquisition.

Area Development Rights in Franchising: Buyer Guide

Learn how franchise buyers should test area development rights against territory carve-outs, opening deadlines, fees, defaults, and transfer terms.

Reading an Asset Purchase Agreement: A Searcher's Checklist

Review the APA clauses that move price, recovery, and closing risk: working capital, seller notes, indemnity, disclosure schedules, consents, and non-competes.

FDD Item 19 Financial Performance Representations Explained

Item 19 is the Franchise Rule section for financial performance representations. Test the stated basis, population, period, assumptions, and written substantiation.

FDD Item 3 Litigation: How Franchise Buyers Should Read It

Learn how franchise buyers should read FDD Item 3 litigation, classify cases, compare Items 17, 19, and 20, and prepare diligence questions.

Franchise Non-Compete Rules: State-by-State Buyer Guide

Learn how franchise buyers should review state-specific non-compete rules, scope, duration, territory, transfer, and related restrictions before signing.

Multi-Unit Development Agreement: Buyer Review Guide

Review a franchise development agreement by mapping territory, schedule, fees, defaults, guarantees, transfers, and each unit agreement to the FDD.

Personal Guarantees in Franchise Agreements

A franchise guarantee can bypass entity-level limits for specified obligations. Review signers, scope, duration, defaults, waivers, assets, and connected lender guarantees.

Retained Employee Agreements After an SMB Acquisition

What SMB buyers should align in retained employee agreements: role, compensation, incentives, IP, restrictions, and exit terms.

SBA Loan Requirements for Contract Due Diligence

A source-led checklist for separating SBA 7(a) program rules, lender underwriting requests, and the transaction documents an acquisition buyer must reconcile.