This happens more often than people would like to admit and it’s very unfortunate. One of the best things about hiring a lawyer to work with you on a transaction is tapping into their experience and training and expertise. Quite simply, a good lawyer, particularly a transactional business lawyer, will know how a transaction is supposed to progress. They’ll know what some of the standard terms are, and they’ll know what the key negotiation points are.
Of course, we know lawyers are expensive, at least in nominal dollars.… Read the rest