POPULARITY
8 episodes with purchase agreement
4 episodes with purchase agreement
2 episodes with purchase agreement
3 episodes with purchase agreement
2 episodes with purchase agreement
2 episodes with purchase agreement
2 episodes with purchase agreement
3 episodes with purchase agreement
2 episodes with purchase agreement
Joel Ankney is an Attorney at Ankney Law.Joel works with clients to protect their interests and make informed decisions when buying or selling small businesses. He also helps people start, operate, buy, and sell Main Street businesses and buy, sell, and lease commercial real estate.Ankney Law has helped clients close hundreds of deals in diverse industries. The firm will guide you through your deal by helping you negotiate, draft, and review all deal documents, from the Letter of Intent to the Purchase Agreement to the ancillary Closing documents. Connect with Joel on LinkedIn: https://www.linkedin.com/in/joelankney/Visit Ankney Law: https://www.joelankney.com/On This Episode, We Discuss…Legal Essentials of Buying and Selling BusinessesHow to Market Yourself Effectively Why a Solo Practice Might be the Best Decision for Entrepreneurial LawyersBenefits of Writing a Book on Your Expertise
Dive into the CMS Enterprise Operations Blanket Purchase Agreement—a contract opportunity from the Department of Health and Human Services with an estimated value of $236.2 million. Set for an RFP release in April 2025 and structured as a Multiple Awards BPA under NAICS 541611, this contract will distribute 6 awards covering key requirements such as performance and data management, portfolio and project management, change management, strategy development and implementation, and mission essential planning and response.Curious about how this opportunity could transform operational excellence in government services? Tune in to our podcast for a detailed breakdown, insider insights, and everything you need to know to stay ahead.Contact ProposalHelper at sales@proposalhelper.com to find similar opportunities and help you build a realistic and winning pipeline.
Proactive's Tylah Tully breaks down ‘Just the Facts' of the latest news from Moho Resources Ltd. Moho's signed a binding Sale and Purchase Agreement with Queensland Australian Graphite (QAG) for the sale of its Empress Springs Project in Western Queensland. The transaction is valued at up to A$1.258 million. Under the agreement, Moho will receive an initial cash payment of A$258,000 upon completion, with a further A$1 million payable as a deferred cash payment after 12 months. The company will also retain a 1% net smelter royalty (NSR) on the project, with details to be outlined in a formal royalty deed. The sale is expected to be completed within 10 days. Moho stated that this decision aligned with its strategy to realise value from its existing portfolio while seeking new project opportunities. The company cited the high exploration costs and administrative demands associated with Empress Springs as factors that made the project inconsistent with its financial strategy. #MohoResources, #Mining, #Exploration, #Queensland, #EmpressSprings, #Gold, #Minerals, #MiningInvestment, #NetSmelterRoyalty, #ASX, #MiningNews, #BusinessNews, #Investment, #ResourceSector, #Australia, #StockMarket, #MineralExploration, #MiningDeals, #MiningProjects, #Finance
Show Summary: The purchase agreement – getting it right from the beginning with the LOI helps a smooth closing. Gerry Williams, an M&A attorney, outlines a purchase agreement's key components and four main sections: the preliminary section (purchase price, working capital, earnouts, post-closing adjustments), reps and warranties, covenants, and indemnification. He emphasizes the importance of understanding the implications of deal structure (asset vs. stock) and the role of reps and warranty insurance in mitigating seller liability. View the complete show notes for this episode. Want To Learn More? Anatomy of an M&A Purchase Agreement | Complete Guide M&A Reps & Warranties | A Complete Guide Net Working Capital (NWC) for M&A – A Complete Guide M&A Basics | Asset vs. Stock Sale Earnouts When Selling or Buying a Business | Complete Guide Indemnification in Purchase Agreements | M&A Basics Listen to Other Episodes: The Role of Your Accountant in the Sale of Your Business How an M&A Attorney Can Help Sell Your Business Transferring Risk and Achieving a Smooth Exit: The Role of Reps and Warranties Insurance in M&A Additional Resources: Selling your business? Schedule a free consultation today. Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions please email them to podcast@morganandwestfield.com.
The Unified Network for Innovative Technology and Engineering (UNITE) BPA is a strategic sourcing vehicle established by the National Science Foundation (NSF) to streamline the procurement of professional services. This program focuses on supporting NSF's mission to advance research, foster innovation, and develop a diverse STEM workforce. The BPA encompasses a range of services, including:Business Administrative Services (NAICS 541611): Strategic planning, financial management, and organizational consulting.Technical and Engineering Services (NAICS 541330, 541990): Engineering design, technical consulting, and project management.Training Services (NAICS 611430): Professional development, leadership training, and skills enhancement.Marketing and Public Relations (NAICS 561920): Event management and promotional services.The program aligns with NSF's goals to enhance diversity, promote operational excellence, and strengthen infrastructure while increasing contract opportunities for small disadvantaged businesses. It supports NSF's broader scientific and educational objectives through task orders issued under this multiple-award BPA.
Happy Creek Minerals CEO Jason Bahnsen joined Steve Darling from Proactive to announce that the company has entered into a Purchase Agreement with Metal Energy Corp. for the sale of a 100% interest in the Highland Valley Project, a significant copper exploration project located in Southern British Columbia. The project spans 63 mineral claims over an area of approximately 237 square kilometers, located near Teck Resources Limited's Highland Valley Copper Mine, the largest operating copper mine in Canada. Bahnsen explained that the company will receive total cash and equity consideration of $6.4 million, alongside up to a 2.5% Net Smelter Return (NSR) royalty on the project's mineral claims. Metal Energy is also committed to spending at least $250,000 on exploration at the property by year-end. As part of the agreement, Happy Creek will become a significant shareholder of Metal Energy and will have the right to nominate a director to Metal Energy's board. The Highland Valley Project, which has already led to two discoveries and identified over 25 prospects under Happy Creek's exploration, will now be a core asset for Metal Energy as it transitions into a copper-focused exploration and development company. #proactiveinvestors #happycreekmineralsltd #tsxv #hpy #mining #highlandvalleyproject #JasonBahnsen #MiningNews #FoxProject #TungstenExploration #HighlandValleyProject #MetalEnergy #MiningInvestment #ProactiveInvestors #ExplorationStrategy#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
Vodafone Ireland has signed a new Corporate Power Purchasing Agreement (CPPA) with energy supplier Flogas, along with its infrastructure partner Vantage Towers. This agreement allows Vodafone to directly purchase renewable electricity from the Derrynadivva Wind Farm located in Mayo. Vodafone is the first telco in Ireland to sign a CPPA. The investment of €6million is part of the company's sustainability goals to achieve net zero across its full value chain by 2040. Combined with other agreements Vodafone has in place, 100% of its Irish operations are matched with certificates of renewable energy sources in Ireland. The energy secured within this agreement gives Vodafone access to clean, high quality and affordable renewable electricity for its extensive network of cables that deliver mobile and fixed services to customers across Ireland. As part of this agreement, the company's infrastructure partners, Vantage Towers will also receive renewable energy from the Derrynadivva Wind Farm. Amanda Nelson, CEO at Vodafone Ireland said: "We are proud of the steps we're taking to not only support our customers to be greener but also green our own operations. Today's announcement is an investment in Ireland and its renewable energy industry. This is a significant step towards our own ambitious net zero targets.'' Brian McHugh, Managing Director at Vantage Towers Ireland said: "Vantage Towers' infrastructure network is totally powered by renewable energy, in line with our global ESG agenda. Sustainability is a necessity, and this agreement with Flogas is a further commitment to minimizing the impact of our business on the environment, and a continued investment in Ireland's natural generating capability.'' Pat Brett, Director at Derrynadivva Wind Farm Ltd said: "We are thrilled that Derrynadivva Wind Farm in Co Mayo continues to play a pivotal role in Ireland's transition to a sustainable energy future. By delivering clean, renewable wind energy to some of the nation's largest companies, we are not only helping to reduce greenhouse gas emissions, but also supporting these businesses in their commitment to more efficient and responsible energy consumption." James Temple, Renewables Manager at Flogas, said: "The CPPA with Vodafone Ireland underscores the accelerating commitment of Irish companies to increase their use of carbon-free energy and lead in renewable energy adoption. As a leading provider of clean energy CPPAs, Flogas is dedicated to enhancing the economic feasibility of renewable projects and advancing Ireland's transition to a low-carbon economy." Vodafone's sustainability strategy also focuses on reducing its energy consumption. In Ireland, the company uses an Intelligent Energy Management System. This is a system in which a machine learning algorithm across the 4G network analyses traffic patterns in real-time, allowing Vodafone reduce congestion and ultimately reduce energy consumption by 10 to 15%. Vodafone Ireland also provides ways for customers be more sustainable including 'Fix & Go' for repairs and upgrades to extend the lifecycle of phones, as well as eSIMs which reduce carbon emissions by removing the need to manufacture and ship plastic, and a variety of eco accessories. In 2022, Vodafone became the first telco in Ireland to offer a device trade-in service which has been very well received by customers, with over 35,000 devices returned to Vodafone to date. The initiative offers customers up to €400 for old smartphone devices which customers can use as store credit towards the purchase of a new device or receive payment directly into their bank account. After the device is traded in Vodafone ensures each device is refurbed, recycled or repurposed, as part of our commitment to a circular economy.
Nevada Canyon Gold Corp. (OTC Markets: NGLD) is pleased to announce it has signed, through its wholly owned subsidiary, Nevada Canyon, LLC, a binding Purchase Agreement to acquire a 2% net smelter returns royalty on the Pikes Peak Project, located in Mineral County, Nevada. CubicFarm® Systems Corp. (TSXV: CUB) , a leading agricultural technology company, is pleased to announce that its ruminant livestock feed subsidiary company, HydroGreen Inc. has identified a new feed centre site in Chowchilla, California, located in the heart of the California Central Valley. This facility will be dedicated exclusively to supporting dairy operations in the surrounding Chowchilla region, enhancing the sustainability and efficiency of local dairy farms. For more information, please visit StockDayMedia.com
Andy and Daryl talk about the Haslam Sports Group's purchase agreement in Brook Park, what that means for the future of Cleveland Browns Stadium, and how soon we'll know where the Browns will be playing in 2029. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Host Rich DiPaolo is joined by John-Michael Tamburro, managing director of Car Wash Advisory. In this episode, we explore the intricate world of Purchase Agreements within the carwash industry. Join us as we discuss key questions that shine a light on this crucial aspect of business transactions. In our conversation, we cover what a Purchase Agreement is and offer valuable advice for sellers reviewing it. We unravel the purposes of representations and warranties — essential elements in a Purchase Agreement. We also delve into the significance of the due diligence period and provide tips for ensuring a smooth process during this crucial phase. Tamburro also discusses the timing of the entire process, offering clarity on what to expect at each stage. Navigating the complexities of non-competes in the carwash industry is also discussed, providing insights and considerations. Join us for a deep dive into the intricacies of Purchase Agreements and gain valuable insights that can make a significant impact on your carwash business.
A conversation with Keith Agoada, CEO and co-founder of Producers Trust, a global network of farmers, farmer groups, and producer groups, about indoor greenhouse growing, aggregation, sorting, quality control, packaging, processing, and more.From indoor greenhouse growing to founding a company, which is now turning into a regenerative landscape orchestrator, and why we are in the perfect storm at the moment. In the last 12 months, or even the last 6 months, we have seen an explosion of interest from corporates in value chain regeneration. Why now? A mix of shifting consumer demand, an European antideforestation law, and genuine massive long-term supply chain issues.What does that mean for small holder farmers who are generally completely excluded from these global markets, how can they participate and benefit?---------------------------------------------------Join our Gumroad community, discover the tiers and benefits on www.gumroad.com/investinginregenag. Support our work:Share itGive a 5-star ratingBuy us a coffee… or a meal! www.Ko-fi.com/regenerativeagriculture----------------------------------------------------More about this episode on https://investinginregenerativeagriculture.com/keith-agoada.Find our video course on https://investinginregenerativeagriculture.com/course.----------------------------------------------------The above references an opinion and is for information and educational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.Use KOEN10 for 10% off! https://rfsi-forum.com/2024-rfsi-europe/Support the showFeedback, ideas, suggestions? - Twitter @KoenvanSeijen - Get in touch www.investinginregenerativeagriculture.comJoin our newsletter on www.eepurl.com/cxU33P! Support the showThanks for listening and sharing!
In this episode of the Car Wash Advisory Podcast, join us as we delve into the intricate world of car wash business transactions. Our experts, Harry Caruso and John-Michael Tamburro, guide you through the crucial elements of purchase agreement and closing timelines. We share real-world examples and success stories, offering practical tips on negotiating purchase agreements effectively, and streamlining the closing process. Whether you're a seasoned entrepreneur or a newcomer to the car wash business, this episode equips you with the knowledge and tools needed to navigate the complexities of buying or selling a car wash. Tune in to gain a comprehensive understanding of the financial aspects, legal considerations, and the timeline involved in a successful car wash business transaction. Don't miss out on this insightful conversation that can elevate your expertise in the industry and empower you to make informed decisions. Subscribe now and join us for an in-depth exploration of purchase agreement and closing timelines – an episode designed to empower car wash enthusiasts and industry professionals alike.
Key Elements of a Purchase Agreement Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In selling your business, the purchase agreement outlines the key terms. It's important to review it carefully. Here are some points to consider when evaluating a purchase agreement: Check the definitions section to understand what the key terms mean. Review the price and how payment will be made. There may be price adjustments impacting the price such as working capital requirements. Review the warranties and representations section carefully for what you are representing about your business. Review the indemnification clause which states what happens if the warranties and representations are not met. Consider the termination provisions which state what conditions cancel the deal. Typically, there are fees associated with a breakup. The closing conditions list the requirements for what must be met to consummate the transaction. Finally, the covenants section outlines what each party must do during the transaction process. Review each of these sections carefully as they impact the completion of the buyout. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .
Walk me through a purchase agreementContact: investmentbankinginsights@gmail.com
#BlackrockSilver Amends Terms To #Silver Cloud Lease & Option To Purchase Agreement Blackrock Silver has announced that they have amended the terms to their lease and option to purchase agreement for their Silver Cloud property. The amendments allow Blackrock to achieve a substantial savings in the agreement that can be used to free up the treasury for the advancement of their flagship Tonopah West project. And to find out mroe about the details, click to watch this brief video now! - To read the press release from Blackrock Silver with the details of their new agreement go to: https://blackrocksilver.com/blackrock-silver-announces-amendment-to-silver-cloud-lease-and-option-to-purchase-agreement/ To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Blackrock Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-blackrock-silver/Subscribe to Arcadia Economics on Soundwise
Listen in as Dave Dejewski talks with Matt Bowles of Hogan Lovells about the Anatomy of a Purchase Agreement. In this episode, we explore the parts of a purchase agreement, explain what they do, and share a few stories where the Purchase Agreement was the star of the show.
Listen in as Dave Dejewski talks with Matt Bowles of Hogan Lovells about the Anatomy of a Purchase Agreement. In this episode, we explore the parts of a purchase agreement, explain what they do, and share a few stories where the Purchase Agreement was the star of the show.
Our thoughts on liability when everyone comes to the home inspection. Were the sellers informed and were the buyers told who they could invite to the home inspection?Support the showTo learn more about Habitation Investigation, the Two-time Winner of the Best Home Inspection Company in the Midwest visit Home Inspection Columbus Ohio - Habitation Investigation (homeinspectionsinohio.com) Schedule online if you need a home inspection or related services. If in need of a real estate agent definitely recommend checking the agents that have been guests on the podcast.See some fun home inspection findings Habitation Investigation LLC (@habitationinvestigation) • Instagram photos and videosFor home buyers: What to expect from a home inspection. YT video for home buyersIf you would like to be a guest on the podcast contact us and let us know. You can visit Home (jimtroth.com) and go to the podcast page.
https://www.youtube.com/@solarpreneursHelp Reagan Beat Cancer!!!goals.solarpreneurs.comoneliners.solarpreneurs.comhttps://solciety.co/ - JOIN SOLCIETY NOW!SIRO APP - LEARN MORE!Thanks to our sponsor Pi Syndicate for this episode!DOWNLOAD THE CHEAT SHEET HERE!: TOP 10 MOST DOWNLOADED EPISODES OF ALL TIME
In Episode 3 of Do Diligence Confidnetly: Navigating the Due Diligence Process to a Deal, Emily Holdman and Tim Hanson explain what the process of entering into a partnership with Permanent Equity looks like from the introductory call to close. THIS PODCAST IS ACCOMPANIED BY MORE DILIGENCE RESOURCES at: https://www.permanentequity.com/diligence CONNECT Listen to the podcast David mentions on “How to Sell A Business in 2023” https://www.permanentequity.com/content/how-to-sell-a-business-in-2023 Want to start a conversation with Permanent Equity? https://www.permanentequity.com/contact Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions Follow founder & CEO Brent Beshore on X https://twitter.com/BrentBeshore Sign up for our newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter Visit https://www.permanentequity.com/ for more TIMESTAMPS 0:00 Intro & Three Olds Talking About New Slang 1:41 Step 1: Information Gathering Conversations 3:30 Step 2: IOI (Indication of Interest Letter) 6:54 Step 3: Site Visit(s) 9:15 Step 4: LOI (Letter of Intent) 10:33 Step 5: Diligence 14:05 Step 6: The Business Deal 15:10 Step 7: Purchase Agreement 18:40 Step 8: Close (The Finish and the Starting Line) 20:22 What's Next? EPISODE CREDITS Produced by David Cover Music by Jees Guy WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions Check out our other podcast episodes here: https://www.permanentequity.com/audio LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
How does Insurance fit in with Exit Planning?#PoisedforExit had the good pleasure today of interviewing Derek Gruber, Managing Director for Cox Insurance. Derek has an impressive IT background that comes in handy when he counsels his clients in Cyber Liability coverage. Derek said that Cyber Liability terms and coverages change regularly, in order to keep up with the rampant cyber crime we're all trying to avoid. The truth is that it's not a matter of if, but a matter of when. The criminals don't tend to discriminate when it comes to company size or industry anymore, but they do tend to like hacking healthcare companies and financial services. Derek said that if your system is breached and you have cyber liability, your company will be assigned a cyber liability coach, who will work with you to get things back up and running as well as help with training your staff on what to watch for in the future. In order to take a proactive approach to this, you need to work with a Cyber Security firm who actually assesses your current risk. How does this tie in with exit planning? If a buyer is interested in your business and learns you have no cyber security measures in place, it could derail the transaction, it's that simple. Most insurance carriers have protocols to help you get approved for the coverage, but it's a good idea to get an independent assessment done first!Risk assessment during Due Diligence is another service that Cox Insurance provides. They'd actually prefer to work with the business owners well before a Purchase Agreement is drafted, so the seller can be more in control and less vulnerable to demands or discounts by the buyer. Tail coverage insures the seller (or buyer) into the future, going beyond the normal time period that a seller would warrant. Setting this up can make sense in certain situations when a seller may be anticipating some kind of claim into the future. There's so much more to what Derek shared! Listen to the show hereConnect with Derek Gruber here and Julie Keyes hereThank you to our show sponsors! Dayta, JAK, Sunbelt Business Advisors and Trust PointExciting events coming up!October 5th Twin Cities Metro Area Chapter Owner's Forum Register hereAre you ready for your best exit? There is no time like the present to prepare. Check out these resources offered by KeyeStrategies: Business Readiness Transition online course Free Ebook download here Purchase Poised for Exit book here
Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to review the growing importance of the cornerstone Caserones copper royalty in Chile, the project sale and new net smelter royalty at the Diba Gold Project in Mali to Allied Gold, and the generation of two new gold and copper royalties off exploration-stage projects in Ethiopia. We start off diving in a bit more to why the Company has acquired an additional Net Smelter Royalty (NSR) interest on the Caserones copper-molybdenum mine in Chile for a total cash consideration of US$2.6 million. On July 19th, 2023 Lundin Mining Corporation closed the acquisition of 51% of the Caserones copper-molybdenum mine for $950 Million. Additionally , Lunin Mining has announced H1 2023 production results, released an updated NI 43-101 technical report at Caserones, and highlighted the optimization and exploration potential at the mine. Elemental Altus holds an effective 0.473% NSR on the project. Next we pivoted over to the Sale & Purchase Agreement with Allied Gold Corporation for the sale of the Company's 100% owned subsidiary Legend Mali (BVI) III Inc. which indirectly owns 100% of the Korali-Sud Small Scale Mining Licence & Lakanfla Exploration Licence (combined "Diba Project") in western Mali. As consideration, Allied will pay up to US$6 million in cash and grant a NSR royalty of up to 3% on gold produced from the Project. Fred unpacks why the Company believes this Allied Gold Corp, with a major near-term production project adjacent to the Diba Project, is the right operator to not only generate solid production which will be very accretive via the 3% net smelter royalty, but also will be able to more effectively explore the property to continue growing the potential upside. We also review why continuing to spend money internally to explore and develop this project was not going to generate the future value or revenues that this transaction will, as this asset can now be more efficiently fast-tracked into a producing royalty. We wrap up having Fred outline the key takeaways from the news out July 25th announcing the generation of two new gold and copper Net Smelter Return royalties, through the execution of a Sale & Purchase Agreement for the sale of 95% of its Ethiopian focused Seychelles incorporated subsidiary Altau Resources Ltd. to Canadian incorporated ANS Exploration Corp. We discuss the team, their vision and strategy around exploration, and how this allows Elemental Altus to experience the exploration potential with a competent operating partner, but also reduces associated costs. If you have any follow up questions for Fred regarding Elemental Altus Royalties or the royalty sector please email us at Fleck@kereport.com and Shad@kereport.com. In full disclosure, Shad is a shareholder of Elemental Altus Royalties Click here to view recent news on the Elemental Altus Royalties website
Atlantis Foundries (AF) has signed a long-term power purchase agreement (PPA) with integrated energy solutions company Energy Partners (EP). According to the agreement, EP will engineer, finance, construct and operate the ground-mounted solar-energy system at AF's production plant, comprising more than 20 000 solar panels and boasting a total rated capacity of 13.5 MWp. It will be the Western Cape's largest embedded generation solar project. EP CEO Manie de Waal says the PPA, set to kick off on May 1 next year, will provide AF with “a reliable electricity source at a substantially reduced cost over the next 20 years”. It will also align AF with growing environmental awareness in the automotive industry. “Opting for renewable energy is a significant step, and the system that we designed for AF is expected to save more than 22 000 t of carbon dioxide emissions annually - likely the highest reduction achieved in the South African automobile industry,” says De Waal. “In financial terms, the system will generate electricity worth more than R35-million per year at current average Eskom tariffs.” The system, which has been engineered to align with AF's electrical consumption profile, is estimated to replace up to 20% of its yearly electricity consumption. It will be integrated into AF's electrical network, which is connected to the City of Cape Town grid. Excess energy generated by the plant will be fed into the city's network through the feed-in programme, contributing to Cape Town's overall renewable energy capacity. “With this renewable energy generation project, we are setting new standards in the South African automotive industry and alleviating pressure on our constrained national grid,” says AF CEO Pieter du Plessis. “It is a result of extensive cooperation between the AF and EP teams, in conjunction with the Western Cape government and City of Cape Town.” The project sets the stage for future embedded generation systems exceeding 1 MW within Cape Town and the rest of the Western Cape. Atlantis Foundries produces automotive castings for the commercial vehicle industry.
In the latest episode of Public Power Now, Wes Kelley, President and CEO of Alabama public power utility Huntsville Utilities, offers details on Huntsville Utilities and Toyota's recent announcement of a power purchase agreement to support a solar project and the utility's pursuit of a battery energy storage system.
On today's episode, financial journalist Govindraj Ethiraj talks to Nikunj Sanghi, former president of the Federation of Auto Dealers of India as well as Vikash Agarwal, Maersk's India managing director.SHOW NOTES[01:00] Indigo orders 500 A320 Airbus aircraft, making it the biggest single purchase agreement in the history of aviation[03:35] Electric 2 Wheeler companies face a reckoning after subsidies get slashed with Nikunj Sanghi[12:46] Big companies to small, India's flailing governance standards [19:56] Shipping & logistics giant Maersk wants to offer ecommerce solutions to small businesses in India with Vikash AgarwalFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Welcome to Land Conquest! This is the audio version of the "Signing the Purchase Agreement" lesson of the course. Enjoy, and join the full FREE program at www.LandConquest.com!
First carefully read through the terms and conditions of your purchase agreement. Understand your rights and obligations. Consult with your real estate agent or attorney and identify valid reasons. So, let's talk about it!
#260 Documentation time! In this episode, we continue our Contract Tips series where we work through a purchase and sale agreement. After you get an offer accepted, what's next? Writing a purchase and sale agreement is the next step to getting a property under contract! Meetups: 1st Thursday of every Month join Jeff in person at Club 90: 9065 S Monroe St, Sandy, UT 84070-2640, United States 2nd Thursday of every Month join our FREE virtual creative financing class on zoom https://bit.ly/3HDp5vs ~ Looking for a Mentor? www.ROIMentors.com ~ Want to ask a question? Submit yours to The Creative Financing Facebook Group https://bit.ly/3DDrcyo ~ Follow The Creative Financing YouTube Channel https://bit.ly/3wZcJZU ~ Follow The Creative Financing Facebook Page https://bit.ly/3jsJN9w ~~ Connect with Jeff on Facebook https://bit.ly/3Y4OaXj ~~ Connect with Nicole on Instagram: @NicoleNikki_K or https://bit.ly/3Y4kgCB ~~ Connect with Cody on Facebook https://bit.ly/40HHMqP or www.fullcirclehomebuyers.com 8IcLldd6jk13YEGnEFoS
#259 Documentation time! In this episode, we are discussing a purchase and sale agreement and how to fill it out. After you get an offer accepted, what's next? Writing a purchase and sale agreement is the next step to getting a property under contract! Meetups: 1st Thursday of every Month join Jeff in person at Club 90: 9065 S Monroe St, Sandy, UT 84070-2640, United States 2nd Thursday of every Month join our FREE virtual creative financing class on zoom https://bit.ly/3HDp5vs ~ Looking for a Mentor? www.ROIMentors.com ~ Want to ask a question? Submit yours to The Creative Financing Facebook Group https://bit.ly/3DDrcyo ~ Follow The Creative Financing YouTube Channel https://bit.ly/3wZcJZU ~ Follow The Creative Financing Facebook Page https://bit.ly/3jsJN9w ~~ Connect with Jeff on Facebook https://bit.ly/3Y4OaXj ~~ Connect with Nicole on Instagram: @NicoleNikki_K or https://bit.ly/3Y4kgCB ~~ Connect with Cody on Facebook https://bit.ly/40HHMqP or https://www.fullcirclehomebuyers.com/
Happy New Years! The Indianapolis Metro Markets are really in good shape as in homes selling quickly-compared to other cities of the United States. Buyers ask questions to your real estate agent when negotiating on a new home if you can rent the house understand restrictions apply to the home owners association that manages your area. Buyers you can get a reasonable deal on a home in 2023 and have your seller include some of your buyers side closing-cost. Mortgage rates are as follows subject to lower credit scores. Credit "fico scores" must be around 760 plus with 20% down payment to get the available best mortgage rate in the markets. Not all banks, mortgage lenders are the same do-not get over charged on a fixed rates. Do-Not Pay Points - You don't have to pay high fees and points. Questions reach out to us at 317-376-8001 | Indy Real Estate Market | Indianapolis & Hamilton County www.indypodcast.media Disclosure: Information is subject to change without notice. Cancellation may apply in housing stats. Don't buy a home without a real estate agent. --- Support this podcast: https://anchor.fm/indyrealestatemarket/support
In this week's episode, Dena and Kelly are back and dive into the dynamics of what can happen if one of the parties in a transaction decides to cancel a Purchase Agreement. This is a commonly asked question during the home buying and selling process, and it's important to understand who, and when a purchase agreement can be canceled. We hope this episode helps answer some frequently asked questions! As always, enjoy!On a Mission Podcast can be found onFacebook at https://www.facebook.com/onamissionpod/Instagram at https://www.instagram.com/onamissionpod/Kelly can be found onFacebook at https://www.facebook.com/kellyanntanke/Instagram at https://www.instagram.com/kellyatanke/Dena can be found onFacebook at https://www.facebook.com/dfrankrealtor/Instagram at https://www.instagram.com/denafrankcoaching/website at http://www.denafrank.com
Join partners Philip Rymer and Susan Riitala as they discuss the new BIMCO ship sale and purchase agreement, SHIPSALE22 and how it compares to the Norwegian Shipbrokers' Association's standard form of contract, as well as the potential issues surrounding the new form.
You have found a house you want to buy here in San Francisco, the next step is writing your offer but what does that really mean, what goes into it, how do you figure it out? The san francisco purchase agreement is way more than just price, its contingencies, time frames, and special requests. In this episode we go over How to determine price the different steps and strategies to the purchase agreement in san francisco and some negotiation tools let me know what you think
In this episode Greco DeValencia, VP of Pharmacy lending at Live Oak Bank talks with Tom Knapp of Brown & Fortunato about an essential step of the acquisition process: the letter of intent and purchase agreement. Greco De Valencia VP- Pharmacy Direct: 910-375-5921 Mobile: 916-710-6669 Email: greco.devalencia@liveoak.bank Website: www.liveoakbank.com/pharmacy Tom A. Knapp Brown & Fortunato, Shareholder Direct: (806) 345-6344 Email: tknapp@bf-law.com Website: www.bf-law.com Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode Greco DeValencia, VP of Pharmacy lending at Live Oak Bank talks with Tom Knapp of Brown & Fortunato about an essential step of the acquisition process: the letter of intent and purchase agreement. Greco De Valencia VP- Pharmacy Direct: 910-375-5921 Mobile: 916-710-6669 Email: greco.devalencia@liveoak.bank Website: www.liveoakbank.com/pharmacy Tom A. Knapp Brown & Fortunato, Shareholder Direct: (806) 345-6344 Email: tknapp@bf-law.com Website: www.bf-law.com Learn more about your ad choices. Visit megaphone.fm/adchoices
It's Good To See You | Working Mom Tips, Productivity Pearls & Task Management Systems
Negotiating your first job contract out of medical school, dental school or graduate school can be overwhelming and scary. Host, Dr. Rupa Wong is joined by contract attorney, Elizabeth Lemoine in this must listen episode to anyone considering signing a job contract, purchase agreement or partnership buy-in. In thie episode, we dive deep into: Protecting your intellectual property Understanding non-competes What to look for in a partnership agreement How to value a practice if you're considering purchasing a private practice This high yield podcast could potentially save you from making costly mistakes later. Elizabeth Lemoine specializes in assisting women doctors negotiate their contracts to get what they need. To connect with Elizabeth Lemoine: Email: Elizabeth.lemoine@wickphillips.com Website: www.Wickphillips.com Instagram: www.instagram.com/lemoinehealthlaw Have an idea for a future episode? Email us at hello@itsgoodtoseeyou.com Connect with Dr. Rupa Instagram: www.instagram.com/drrupawong Website: www.drrupawong.com Youtube: www.youtube.com/drrupawong
Learn the latest on sophisticated schemes targeting businesses like yours and what you can do to protect yourself. Melissa Jay Murphy 00:06 Hello, everyone, welcome to the Title Now Pop-up webinar. I'm Melissa Murphy with The Fund and I am relaunching these webinars after taking a fairly significant break. So, thank you for tuning in. Because it's been several months since I hosted a webinar, I thought that I would make sure that all of you know we also have a podcast I feel very modern and with it. The podcast is also called Title Now and I generally push the audio from these webinars to the podcast and will be doing that with today's presentation. The podcast is available through all of the typical channels so sign up and take advantage of all the great content that we have in the podcast. So, what are we talking about today? We're talking about cyber fraud and why cyber fraud because it is the number one threat to our industry. It's the number one threat to your business. Despite that reality I fear that so many people in the closing business have heard about cyber fraud over and over and over again and I know I nag about cyber fraud over and over again. You've become sort of resigned to it. You've made minimal gestures toward protecting yourself perhaps setting up some procedures you've made minimal efforts to really keep up to date with what's going on out there in the world of cyber fraud. You're basically rolling the dice on whether you will be the next victim and honestly in today's market, unless you have $400,000 or $500,000 set aside in your rainy-day fund, you are really taking a chance. So, I feel like because this threat to our industry has evolved over the past year. Things have changed and in who's behind this and how they're, what their business plan is, what their workflow model is. And those changes are not good for us. The criminals have figured out that preying on our industry is pretty darn lucrative and apparently not that hard. So, I thought it was a great time to revisit this topic give you an opportunity to learn more about who is behind this crime, how they view our industry and how they have identified our weak points and how they can get in. We have two gentlemen with us today that are on the frontlines of this war and yes, it's a war. They're going to share their knowledge, expertise, and advice on what the industry and you need to understand and what you need to do to address this threat. So first, I have with me, Tom Cronkright. Tom's an attorney in Michigan, but much more importantly than that Tom is in a closing business. He has a title agency Sun Title, it's a high-volume agency, and he also has a company CertifID, that's in the business of safeguarding money in real estate deals and through this process through this life experience, Tom has become one of the real estate industry's leading experts on cyber fraud and he is committed to solving the largest problem in real estate. And he's so good at this, that the Secret Service has partnered with him. We have Steven Dougherty here from the Secret Service. And as you can see from his impressive background, he's with the Global Investigations Operation Center for the Secret Service. Tom and Steven, let's get started. What's happening in the world of cyber fraud, business email fraud? What do we need to know? Tom Cronkright 4:28 Steven, I'll let you take this but Melissa, thanks for taking the time and just spreading more and more awareness on this topic. You do such a nice job, appreciate the tee up. But Steven, why don't we read you in we've had a very very active year and a half together and as far as combating BEC, or business email compromise and wire fraud. But as Melissa mentioned, a little bit more background but I'm a wire fraud victim as well. So as an attorney, title agent, I've been through this process. Unfortunately, in 2015, it cost me nearly $200,000 and ended up in a high-profile federal trial down in Tampa. So, when Melissa mentioned that I've become a subject matter expert, I just paid a lot of tuition in this realm that these are courses I did not want to take. As a title agent or lawyer, I don't remember a cyber fraud and money laundering class in law school. I remember tax and corporations secure transactions, but that's it. Steven, you could be read the group into what we're seeing at a high level and how that starts to work its way down into the real estate. Steven Dougherty 05:40 Yes, where I sit in a very unique position here. I'm at Secret Service headquarters in Washington DC. I'm in a desk here called our business email compromised mission desk, in which my unit gets in pretty much real time aggregative incidences cyber enabled financial fraud affecting every industry. These guys are threat actors are targeting every industry out there where financial transactions are taking place. You know, every industry has it, but where's it most visible? It's most visible in the real estate sector. So, they've really turned their sights on the real estate sector for the past several years and they continue to focus on it because there's so many different transactions involved in real estate transactions. You have your closing, you have your mortgage payoff, you have your earnest money deposit. All of these things are being targeted by our threat actors, and it is driven by one thing. The intersection of what I call contemporaneous and privileged information between your buyer and seller, your real estate and closing attorney they will be the only the ones you would think would have the information like the Closing Disclosure, mortgage payoff documents, anything involving the transaction, but that gets intercepted by our bad actors. And then they weaponize that against you. To get you to redirect transfers of funds, send a payment somewhere you shouldn't stuff like that. Tom Cronkright 7:03 Steven when you say that they're visible. What do you mean that real estate transactions are uniquely visible? Steven Dougherty 07:10 Just the information is out there, due to the real estate sector types of reporting information. Tom, you know, you and I have talked about this a lot about how much of open-source information is available for us to go get or for our threat actors to go find. They can use that, piece it together and then uses that to do a very, very targeted attack. That's so specific that fools even the most complex or educated individuals to spend their money. Tom Cronkright 7:38 Yeah, what we've seen I want to layer on it mostly, if you don't mind. I went two minutes on this because I think the framework of where we are right now creates unique vulnerabilities than when I was hit in 2015 as an agent. So, if we think about the multiple listing service, all of our real estate partners that feed us deals that we're codependent on have an obligation to post up activity on the MLS. That MLS has contracts with Zillow and Trulia and a realtor typically for money to syndicate or buy that data in real time. So, what's interesting is real estate, being now the largest asset of people's lives, and there's not a close second given appreciation. I don't know if you guys saw the NICU from ALTA this morning, but home prices went up another 15% last year. That not only is that the largest asset of people's lives, it's the most visible transaction that we have in the United States. Car purchasing and other high value assets those are happening between, you know, kind of behind the curtain but not real estate. Because of the open market process that a listing agent has to conduct to get highest best use or highest best value for a property and then the fraudster just mine these deal boards. Say “Oh, looks like Norma is listing her house” and “Steve is listing his house” and listing you know, my whatever it happens to be. And then through phishing strategies, these real estate agents have the security of a dumpster essentially, on a super warm day. And they're just exposing us and I'm just going to say it because look, not every time but let's just say in most cases, and then we don't know that all the information that Steven is saying contemporaneous and privileged is being scraped and analyzed overseas, to then trick a homebuyer. And again, let's talk about homeownership right now. There is no inventory. We fell below 1 million listings last month there are more licensed real estate agents in the country than there are homes for sale for the first time that they've been tracking inventory levels. Run the math. By about a few 100,000, we have 3,800 licensed real estate agents in Greater Grand Rapids. This morning we had 900 listings. So, what does it take to buy a parked property? I've got an employee right now at CertifID. She missed out on three offers. She's been through 12 homes she was high fiving me last night almost crying in a text. “Oh my gosh, we got one right.” They’re going to do anything they can to close that. When they get to the end three weeks from now and are asked to transfer money, if they're not set up for success, that buyer anxiety and that buyer fatigue, at a time when we need them more protected, I would argue creates more vulnerability because look I'm not going through that process again. So, I'm going to do whatever you need. If you're saying I don't need to bring a check anymore and I’ve got a wire funds. Tell me where to send that wire. Steven, I think you'll agree we saw that over and over and over and continue to every week that we're involved in recovery efforts. Steven Dougherty 10:56 Yes. Talking to you touch on some really good points. So, let's talk about how these compromises are actually occurring. How are they actually getting in and getting this information out? What they do is through multiple different means either through already having your password for your email account that's already on the dark web through a data breach compromise. You guys actually go to a website Have I been pwned? https://haveibeenpwned.com They've been your email address and see if that email address was involved in any of the large-scale data breach compromises. They'll take that information, find your old password, try to use that to log into your account. That's one way to do it. Another way they'll attack is through a targeted phishing email, where they'll send you an email with a document to click on for some reason. You click on it because you think you're supposed it brings you to a web page. You type in your email address and password and boom are bad actors now your email address and password. And once they have that information, they go in and they log into your email account. They only log in one time. Generally, what they do is they'll go to your settings, and they'll set up an email rule to auto forward out any email you receive. So, you get an email from your client or homebuyer saying, “Hey, I've been told to close yeah, these are the details I have. What do you have?” Now our threat actor has all that information. That's how they get it. They only log in once, they setup the email rule, and the emails are built around that. Melissa Jay Murphy 12:29 Steven, I'd had a question on the chat for you. Oh, Tom already responded to the question. He is spot on. So, we have put in the chat the website that you go to see whether or not your email has been compromised and is out there on the dark web. https://haveibeenpwned.com So that's all. Steven Dougherty 12:50 Yeah, essentially, essentially, it's a website that conglomerates a bunch of different data breaches, and you know, going back for years, so your email address was involved in one of these. It will ping that and show you. That's why it's important to really keep your passwords updated, use new passwords, and don't repeat passwords. These threat actors, they just see that information, and they just start trying it in different places and they get lucky. Tom Cronkright 13:20 Steven let's stay on email accounts because they just seem to be the genesis of all things bad when they're compromised. Not only complex password, but can you speak a little bit about the importance of email settings and analyzing email settings. I think if this industry is ever going to set up Lunch and Learns this year is training our referral partners to identify whether their email accounts have been breached. This is one way but within the email account have rules been set up where their email account is being monitored in real time. They just don't know it and how you prevent it. Steven Dougherty 13:58 So essentially, like I said, these guys log into your email account just once, they go into your settings and they set up a setting or filter to auto forward out of all your emails that way and it’s not only that, they're deleting everything that gets auto forwarded out. They can tailor it to be very specific that you'd have it say you know, any email that uses the word “wire” or “account” or “payment”. I want you to filter that out to another email account and then delete it. So, it is very targeted with that. What we recommend and what you really should be doing along with changing your passwords very regularly, as you change your password every time go in and check those settings and make sure no unauthorized settings have been set up. You can also actually automate that through different your IT groups if you have them. Your IT groups can even, especially if you're using suite like Office 365, can be set up a way to monitor all email rules that are set up on your system to prevent unauthorized roles being set up. So that's one thing is very important. You guys got to check on that just as much as you can get your password. If you do review your rules, you will be able to see the rules set up. Most of the time, these are set out as user generated rules that you can see in those settings. Pretty easy to do. Particularly in Outlook go up to the gear on the right, click that drop it down, go to Settings, go to rules and alerts if anything's been set up there. Tom Cronkright 15:56 Yeah, I mean specifically any forwarding rules, any autodelete rules, any rules that scan for keywords in emails, all of those you can see either in Outlook 365 version or a desktop or native environment. Also in Google, Yahoo. All the different platforms have essentially these rule settings. The challenge is if the rule is set up, you could change your password every single day. The fraudster is still moving that communication into other accounts. So, you just got to make sure you kick him out of that. Then you reset the password and then you enable two factor or what's called multifactor authentication. Multifactor authentication is an additional security setting. So, you have your username, you have your password. We use a complex password manager here at our all of our organizations. That is LastPass. (https://www.lastpass.com) In a complex password manager you create this super secure master password and then for every site that you link for your email accounts, they create some ridiculous password that like you'd never know it. When you enable multifactor, multifactor is one more layer of security that provides a unique code each and every time that you send in a request to access the account. This adds a little bit more friction. But again, we're balancing friction with user security and data security. As attorneys the bar for us is always higher. There's no difference in court when we're standing up and someone's on the other side saying “Let me get this straight. You didn't check a box of multifactor that could have prevented this whole thing because this seems to be the proximate cause of where we're landing here.” Either your IOLTA account or escrow account was drained. Or I've got a consumer facing the loss of life savings. So that's just the brutal truth of it guys. Then using secure email, judges really don't understand secure email, but secure email is essentially a rail that provides security layer between one server and another server. So, you're sending the email on more secure basis. What we're talking about is making sure that that destination point isn't compromised. Because if the destination point is compromised, secured email doesn't do any good at all. Okay, the secure email secures it in transit, not what they call “at rest.” So, you got to do both. Melissa Jay Murphy 18:03 So, it seems to me that these additional safeguards and procedures are all a result of the increasing sophistication and increasing numbers of attempts. So, you know, I just don't think this is somebody in a gray hoodie in a Starbucks anymore. So, who is it that's behind this now because hasn't that change? Steven Dougherty 19:13 She's stole my line or she stole our favorite line. The line is that these are not your lone wolf hackers sitting in their grandma's basement drinking Mountain Dew and eating Cheetos, their favorite lives. That's what people think when they think you know, computer hackers, cyber fraud. But no, it's definitely not these guys operate what I refer to as the enterprise business model. It's a top-down business with a C suite and all set up with people below them to work these very complex organizations. They are transnational organized crime organizations. With the C suite you have your CEOs, then they call themselves that Mr. CEO, Mr. Chairman, and they're the ones that are kind of dictate how they want to do their attacks. Then they realize okay, I need somebody to pull off my phishing attack. So, they'll go hire somebody to do that. Then they're gonna be like, “Alright, cool, the phishing attacks good. I have the good information. I know when this transaction is going to be done, and I'm going to redirect it.” So now it's redirecting to another bank account. So now they need the launder that money. They need to get that money to themselves to do that they go and set up a sort of financial director wing. That is this expansive network of global money mules that just constantly are transmitting money back and forth. This problem has gotten really bad. We're seeing a lot of money mules actually be picked from some romance scams prior. So, they are unwitting money mules. They don't know what they're doing. They're just told by someone they met online, that they're going to receive money and help them for construction project or something like that. Then afford those funds on. It is a sprawling network of money mules here. It gets even more granular you have sort of an admin team that helps maintain spoof domains that they need to carry out their attacks or monitor, maintain email addresses or pull off other types of fraud such as unemployment, insurance fraud, even ransomware is tied into this now to kind of bolster up the organization. So, you really have a robust organization you're dealing with here, and they're very complex. They're very efficient, and as they make more money from these frauds, they only get better. Now they can afford more money mules. They get afford better malware. So, it's just momentum that they've developed and it's a momentous problem. Melissa Jay Murphy 20:51 I know that they're targeting title agents because title agents are receiving and sending money, but the source of most wire diversions and claims that I am seeing amongst Fund Members involve that mortgage payoff and they're intercepting the mortgage payoff when it's being sent to the title agent? Are they sort of hoping that there's an easier way that they can get to that mortgage information and scale it up? Do you think that that's on the horizon? Steven Dougherty 21:37 Yes. Or it may have already happened, in some instances where they're getting in and they're getting pure information fed to them before it reaches its destination. Tom and I are seeing something very similar. We can't speak about specifics, but Tom if you want to touch on it. Tom Cronkright 21:55 You're exactly right. Melissa, I ran a statistic. The average open mortgage balance at the beginning of this month was just over $299,000 across the country. Okay, we haven't seen those levels ever. Again, that's because of the accelerated increase in home prices. So, a few years ago, mortgage payoff fraud really was I'm sitting in the real estate agent’s account. I'm seeing the closing attorney send over the mortgage payoff between the client they're sitting somewhere and they're obtaining the original copy of the mortgage payoff. They're taking that PDF, they're using software to doctor that up and then spoofing typically, the loan servicer or the lender saying, “Hey, we had to make a correction. Here's an updated payoff.” So, they're we're using it as kind of an updated payoff scam. But what they're realizing now is to say, “Wait a second, what if we could distribute your original payoff into the email system of the party requesting it, and it's fraudulent from the beginning, like the first one has been tampered with?” So, we saw this early on in the Nashville area mid-summer. And then we just saw in the state of Texas, where the fraudsters again appear to have compromised the electronic fax account of the title company or title companies using the fax to receive mortgage paths. Look, I'm in the industry, 98% of these come over by “fax”, but it's not the fax of days passed because that was a machine that telephonically printed out something on a piece of paper. We said we can't do that anymore. We need the fax to be converted to a PDF and an email and then have that sent into our general stream of communication. So, they figured out I call it the note of distribution. They figured out that to your point well that's that's a great phrasing. We can compromise these at scale. If we could get access to the eFax, GFI FaxMaker. It doesn't matter guys, but if they get in there, they can reroute traffic from the originating servicer where the payoffs being sent from, doctor that up, and push it right through the same rail down in the email. Fascinating scam, and we've seen them do it unfortunately at scale as recently as a couple of weeks ago. Melissa Jay Murphy 24:44 What I hear you saying is that in those situations, it doesn't matter if the criminal has put email forwarding rules in my account, or not, because they're in there before it even gets to me. So, they're not even diverting any information from my account. They, you know, they've moved on to a much more sophisticated scheme. Tom Cronkright 25:16 That's 100%, right. If you look at what 80% by definition of our disbursement obligations, sit at the mortgage payoff. We can't adequately insure it. The most insurance you're going to get is 250,000 per and that's assuming you did 15 things and a COVID test and a blood test to show them that you did everything to mitigate the insurance company's risk, which if you did that, you wouldn't have the fraud. And I think the other thing that we're seeing is, you just simply can't trust mortgage payoffs that are coming from in either direction from the fax right now, from a closing attorney that you relied upon to gather that because you're the dispersing agent, not the rep representing the seller. And if you don't mind, I'll touch on this. It comes down to essentially three things. One you have codified somewhere a trusted list of mortgage payoff information. Treasury templates are the best way to do it. That's stored on your bank server wall. So, you start to set up the wire. You type in Bank of America and all of a sudden, a bunch of known trusted accounts pop up, you compare it to what you have, you release the wire. Some people do that on spreadsheets. I've seen people that have had folders of PDFs that check, check and date. However, you do it, history can be a very, very good guide on what is true versus things that are not true. When it comes to mortgage payoffs. Calling to verify any new account information is even harder than it was before. It’s hard enough to get them to initiate the payoff. It's even harder right now to confirm just general bank account information for a wire but you have to do it or you just send a check, add some per diem, send a check but that's why it's important to get the mortgage payoff early in the process. Let's just think about mortgage payoff risk. Unless I'm sorry, this is going to breach some underwriting standard. The risk only goes down because the worst case is they made another payment. So, let's just get it out in the open. Let's get it before the fraudster has visibility to it. We can always ask for an update or they'll settle that out with the borrower at the end if for some reason they're radio silent on the verification. Know that we're in the process and we will be launching at CertifID an insured mortgage payoff database for spring market. So, we're in the process of analyzing over 300,000 trusted mortgage payoff records right now. We'll be piloting this in the next two weeks with a group and then we'll be launching this out. This is the number one threat. This is the threat guy that keeps me up at night. Because I know that any loan, commercial, there the table stakes could get large very quick where I'm out of business as a Title Agency in one single wire. We were involved last year in a 22 and a half million dollar, about $21 million commercial payoff wire recovery that landed in the money mule’s account. One wire that would have been lights out. Steven Dougherty 28:28 So, if these do happen to you, and there's a very good chance that it may just due to the threat landscape that's out there. The one thing that's extremely important here, time is money. If you discover this, you need to report it as quickly as you possibly can. There are numerous ways to report it. You can report it through any secret service field office, you can just Google “secretservice.gov and field offices.” You guys I believe are all in Florida, right for the most part. So, while our Orlando Tampa and Miami offices are all very active, very good offices, you can reach out directly to them. Or you can also go to FBI’s IC3, the IC3.gov. www.ic3.gov It’s the Internet Crime Complaint Center. You can also report it there. I'll put the link to the Secret Service field offices in the chat here in a second. But time is money, Tom, I mean, you know you get live streams of victims to you, and you get them to me and how fast have you seen money move within hours. So, we need to stress that time is money. Tom Cronkright 29:27 Yeah, what used to be touted as you know, 72 to 96 hours with the advent of cryptocurrency and just the sophistication. So, what happens in most cases is that when fraudulent wiring instructions are sent, they are typically sent from somewhere overseas. They're sent from the syndicate running the fraud play, but domestically, they have a series of money mules that either know what they're doing or wrapped up in something they're not even aware of that take money in and then quickly move it out. They can withdraw it in cashier's checks. They can withdraw it in cash. They can buy gift cards. Most insidious is that they move into crypto wallets. Then those wallets move and then they move out into other fiat currencies in different countries, and they can move those funds while the Federal Reserve is closed. So, as we're trying to digitize and make it more convenient, these rails of moving money, that are we would look at as kind of nontraditional, it's just a superhighway for them to launder funds and almost completely avoid detection. So, if you're two or three days in, and you haven't triggered a response from federal law enforcement and notified the banks, I mean the to your points Steven we've seen money move within hours. But we've also had instances where the money was in the bank branch. We notified the bank through our efforts, and they were stopped cold. I love stories like that. But it's harder. It's harder to reclaim the money after it's been stolen because they understand the gravity of how quickly they have to move the funds. Melissa Jay Murphy 31:13 So let me go back and let's try to make this really clear to our audience. The moment that you realize that either a mortgage payoff has been diverted or perhaps the sellers’ proceeds have been diverted. You contact a secret service field office, you email the IC3 website and file a notification. You must I assume contact your sending bank and the receiving bank and who do you ask to speak to at both the sending bank and the receiving bank? Tom Cronkright 31:59 So, before you answer, Steven, here's the point of this. What he's about to say needs to be done in advance. These relationships in this pathway needs to be groomed before you have an incident because what we found is that when crisis hits, people freeze and you're burning daylight, that could mean the difference between something coming back and everything being lost. So, I didn't need to step on you there Steven, but what we're about to say is do not wait. This playbook should be set in the organization before there's an incident. Steven Dougherty 32:41 The way I prioritize it is first you should actually contact your financial institution that sent the wire. They generally will on your behalf send a wire recall or a swift message that it was due to a fraudulent means or compromise. If you contact the receiving bank directly if you're not a client for them, oftentimes they won't help you because you're not their client or customer. That's just a caveat. But immediately contact your financial institution and tell them what happens and see if they can put a wire recall in. The next step is to contact federal law enforcement or local law enforcement really whatever you're comfortable with. But what Tom's point was great is you need to have an incident response plan in place before these happen. You need to know who to call to help you. Local law enforcement can help with this. State law enforcement to help and federal law enforcement. So, it's whoever you're comfortable with who you developed a relationship with. You can just Google obviously I provide the Secret Service field offices link you can also Google FBI field offices. HSI Homeland Security also plays in this space. IC3.gov is just a place to report that these happened. Even if there's an attempt, report and attempt. Even if you stop it, please report it to the IC3.gov because what that does is it now gives us meat to go after because there's still the bank account that was used to divert the funds, or the spoofed emails used to send the attack email. We can go add to that as well. So please, the biggest steps are to have an instant response plan in place where you know who to contact and how, and two report everything you can wherever you see because not only does it protect yourself it protects the entire community. Tom Cronkright 34:24 Yeah, well, what I've what I've been most surprised by when I'm most surprised, but one of the surprising things Steven I've involved in well over 100 recoveries last year for 35 to 36 million victims. And I say that because each one has a little uniqueness to it. One thing that seems to be bubbling up is if you're banking with a credit union or a community bank, maybe a smaller regional bank. You might be surprised, and you don't want to be surprised when you're going through it, that they don't have a fraud desk, they don't have somebody that understands how to send an alert through the Fed wire system or notify the receiving bank which is typically a money center bank. So, it's leaving a small bank. I mean, 9 times out of 10 it's hitting one of the big guys, because of the coordination they have globally. So, if they don't have their own incident wire fraud communication, all those channels. I mean, I had to educate bank presidents on what an indemnification and hold harmless looks like going to a money center bank, to allow the funds to come back to a victim. It's surprises me as a lawyer. So just don't be surprised. You run this. Sit down with your banker and make sure you know exactly who to call and the information that they will that will require. If they in turn, have the rails set up to protect you and get the documentation that the receiving bank is going to need to put a suspension on the account, freeze the movement of money, and hopefully work that back to you or your customer. And Melissa, it's worth noting it's not just the disbursement wires, yes, those were a direct hit to the closing attorneys. But it's the risks that buyers face when the closing attorney is spoofed. They haven't been educated. They haven't been engaged on this issue. They haven't received wiring instructions. And all of a sudden at the closing table we realize that there's no certified check in hand because their life savings was wired a few days ago. And I'm going to say this it does not matter to tell the people we don't receive wired we only receive certified checks. We have seen time and time again. The fraudster redirecting through communication the requirement that “Nope, can't have a check now because I've got an OMICRON outbreak or something's going on. I need your wire and I need your wire today.” It's just we've seen it unfortunately. Melissa Jay Murphy 37:05 It does seem to me that reverting to what we call the old-fashioned way of conducting business has some role here, has some advantages here. Some of the questions on the chat or have to deal with these new fax systems that do come straight to your computer versus more of a phone line that's sitting on the desk behind you. But is it better to use an old-fashioned fax machine to send and receive things? The problem is a buyer, the normal consumer, out there doesn’t have a fax machine sitting on their desk if they have a fax number? It's something tied to their computer, but certainly for the purpose of receiving a payoff from a lender. An old-fashioned fax machine seems like it might give you some level of protection. Then in dealing with for example, buyers that need information about where to send their cash due at closing. I don't know what the average homeownership is now, but you know, it's five to seven years, maybe. People don't do this on a daily basis the way we do and so they're not sophisticated and educated about this cyber fraud and rather than communicating with them via email it seems like a reliable form of communication is the good old-fashioned phone. Do you agree? Is that something real practical piece of advice? Steven Dougherty 39:01 You know for customers; this is not a muscle memory transaction for them. Just to put it out there, everybody puts disclaimers at the bottom of their email saying, “wire fraud is real.” Well, guess what? People don't read anything below your signature line in your email. They read the content. That's it, they're not reading and paying attention to that. So, you really have to engage your clients and customers on a very sort of vigorous basis. Tom, you agree that you should do it upfront and throughout the entire process. Let them know, this is the process, and fraud exists, this is how we combat it. Tom Cronkright 39:44 We didn't create this threat. The threat is not going away. It's only getting worse. So, what do we do in response? My argument has been to the industry, to my staff, to our community here in West Michigan primarily is that this isn't going to happen on our watch. And if it does happen, we as transaction participants as advisors, lending, real estate, title and closing that we've done everything we could. We met the standard of care as is being defined in the courts, unfortunately, federal and state as to what success looks like for a consumer to be protected. The challenge is we're not driving them to the bank. We're not over their shoulder when they're opening online banking. A lot of them are banking with an eBank and there's no bank branches. That's the other realization with this economy we're in. We're not in a good fun state. So, I don't have to take wires and if I put my title owner hat on, I don't have to take wires in for cash to close. Now don't have to send wires out, pursuant to the state of Michigan. But what I need to do is educate the consumer that this thread is out there. They can strike at any point and we're going to set you up for success. So, the first thing we do is when we issue the title commitment, we send our wiring instructions along with a wire fraud notice to every consumer. We send it through CertifID. You may even say I'm going to send it through secure email; however, you send it just make sure that you have confirmation that they're the ones that actually received it. Because in a vacuum you can say “Look, no wires only checks. Got it great. We'll see you at closing” and then they get tricked after and it's simply not enough. The other thing that we've done is educate them of the closing scheduled. “Hey, remember if you are going to wire only those instructions that were sent earlier can be trusted.” With regard to enrolling the real estate agents and the referral partners. This is the key. This is where you can multiply the message and multiply this yourself in this conversation because guess who they trust? They trust the real estate agent because they're typically the one driving the traffic. You're being fed off them. Everyone is kind of beholden or codependent on the real estate agent. There's an opportunity there that at the agency formation, this knowledge transfer takes place. So, through notices, we've provided what we call a “day zero document” that our real estate agents put in Dotloop and DocuSign that we have the customer sign because they might start working with a buyer six weeks ago trying to find houses. We've been involved in wire fraud recoveries where the purchase agreement wasn't even countersigned by the seller in the entire cash to close amount was wired to a fraudster by the buyer. Purchase Agreement wasn't even consummated yet. That's how early they can get approached. So, educating the real estate agent, you know, showing them what you're doing to protect the consumer to protect them, and then getting them as part of the lexicon of how they do their business. Wire fraud becomes this conversational piece, not something that we hide behind or act like it's not happening. That in my opinion, is how you drive sustainable engagement. You can't do it all yourself. Melissa Jay Murphy 43:16 Interesting. I think thiss has been an incredible source of information. So, thank you to Tom and Steven. I think that we might have raised some questions that we have not been able to answer and those have been reflected in the chat. So, what I am going to try to do along with my team is look at the issues and questions created by the chat. Review the information that Tom and Steven have shared with us. Try to make some organizational sense to it and try to push something out to Fund Members to update them on the best way to deal with this. Nothing about what you do when you realize there's been a crime is really different than what's on our website right now, Fund Members. We have the IC3 website. The Secret Service connection is something that's a little bit new. And so, we're definitely going to add that kind of information to our webpage. https://www.thefund.com/information-center/information-security.aspx Steven, so thank you for that. Steven Dougherty 44:35 On that website, you can actually go back to do investigations. And there's actually numerous pieces, there's PDFs, there's documents that help prepare for a cyber incident and give updated information on cyber stuff that you can definitely pull down and link to on your website. www.ic3.gov Melissa Jay Murphy 44:54 We will definitely look into that. So, with that I am going to thank Tom and Steven again. I'm going to thank all of you 190 people that participated in this webinar. Thank you so much for your time and attention. Don't forget we're going to push this out on the podcast. And so that's another way you can listen to this webinar again in the information. We will make sense of the comments and information that has been posted in the chats and push that out to you. And as I always do when I wrap up one of these is thank you above all, thank you for your support of The Fund.
Show NotesPrevious episodes: AllTheLeads.com/probate-mastermindEpisode Topics:00:00 Introductions01:20 “What Does It Take to Be Successful?”08:20 Don't Be Afraid of the Phone! Don't Worry About “What Ifs”12:00 Don't Skip Your Direct Mail!15:08 The Long Game20:40 Digital Presence, Video Can Be Helpful22:40 Pro-Tip for Calling: Protect your Phone Reputation25:20 How Are We Getting Pre-Probate Leads?36:10 Can We Retarget Leads on Facebook39:45 I Got My Leads - What Do I Do Now?43:20 It's Okay to Take Baby Steps - Don't Overthink!50:25 How to Handle A Request from The PR's Attorney54:00 Initial Contact Has Been Made. What About Follow Up?59:30 Investor Asks “Ready to Sell. Who Writes the Purchase Agreement?”Interested in Probate Leads? AllTheLeads.com/probate-leadsJoin Future Episodes Live in the All The Leads Facebook Mastermind Group: https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show (http://www.facebook.com/groups/alltheleadsmastermind) Support the show (http://www.facebook.com/groups/alltheleadsmastermind)
This week I am breaking down, paragraph by paragraph the San Francisco purchase agreement. Even though I am talking about SF specifically the same ideas and concepts are used around the US so even if your not buying in SF this is important information for you. The signature program in the real estate queen academy is now open Learn how to buy and own real estate correctly with this group program marinashiferman.com
In this episode of Contract Teardown from Law Insider, business attorney Jeffrey Pomeranz digs into the Tesla solar panel Purchase Agreement. This a consumer contract but for a very large purchase and Jeffrey focuses on how the contract process can get in the way of a sales cycle. So, let's tear it down
Science Will Tell | Life Science Business of Merck KGaA, Darmstadt, Germany
In this episode we discuss Virtual Power Purchase Agreements (VPPA) and what this means for the journey towards decarbonization. You'll hear about new and novel approaches like aggregation, what the experts are doing with background operations, and understand how this helps drive toward the goal of climate neutrality.
The asset purchase agreement is the big daddy of the legal documents that will help the business become yours. This document is frequently 50, 60...even 100+ pages long and has all kinds of legal language in it. What's important and what does it all mean? Ashley Garbe Smith with AGSDentalLaw.com and I talk through the document as a whole and lay out a road map to understand the basics. We'll cover what absolutely MUST be in the document and why. We cover where you want to pay special attention as the buyer and where the seller is going to focus more. In this episode we'll provide you the basic toolkit necessary to ask the right questions and work with your dental attorney to have the best, most protective document possible for your dental transition. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.
Today we walkthrough an Option to Purchase Agreement. We discuss things such as Purchase PriceOption FeeTerm LengthRemedies and defaultsRental CreditsExtension ClausesTerms and Conditions (legal stuff)Inspections and appraisals
In this episode from Law Insider, Corporate attorney Chad Busk breaks down the Purchase Agreement and Operating Agreement for Icon Aircraft's A5 plane. He digs into the relationship between the purchasing and operating agreements and explains why companies might take on more liability than you might expect. Chad also makes a demand that your contract language be as streamlined as Icon's aircraft. So let's tear it down.
Changing Your Offer Price After Purchase Agreement is Signed with Confidence (LA 1351) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: I'm Jill Dewitt, broadcasting from sunny Southern California Steven Butala: Today, Jill and I talk about changing your offer price after the purchase agreement's been signed, but doing it with confidence. This is an issue that, again, this is all driven by questions that people have asked us more than once, separate people. They're just way out of their comfort zone, sending out a purchase agreement for 20,000 bucks, the offer comes back. The five days don't check out or for whatever reason the price needs to be adjusted because that's what we do here. I mean, property, all the property that comes back at the price that you sent it out, some of it needs to get reduced because of the quality of the property, there's no way you can sell that by sending out... When you send out 5,000 offers. You can't check every property out. It doesn't make sense time-wise. Jill DeWit: Right. Steven Butala: Some people, it's very much out of their... And Jill is not one of these people, way out of their comfort zone to change the price. Jill DeWit: I do this every day. I actually live for this. Steven Butala: Before we get into it, this is another one of those Jill shows. So I'm going to enjoy it with you. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. Jill DeWit: Gina wrote- Steven Butala: It's free. Sorry. [crosstalk 00:01:27] I threw you off, sorry. Jill DeWit: I'm like, "I don't know when to start." I don't know. Okay. Gina wrote, "Hey, y'all my name is Gina. I've been doing land investing for a few years now, and I guess I'm here to try to see if I can improve my workflow. I currently send about 2000 letters a month, but I'd like to make that close to 5,000. Any tips, tools, tricks you use to scale. I currently work a full-time job and simply don't have time to sort through all of the sites and piece together that many records. Two thousand seems to be my max without going crazy. Any help from an experienced member, such as yourself, would be greatly appreciated." I want to know where she's going and getting her data because we don't have that. I think she's... Is she buying all data? What do you think? Steven Butala: It's very clear to me, Gina, that you're not a member. And so that's what... And you're a perfect member for us and I'm not selling you anything. You're going to decide that on your own, but I'll tell you, and I say this to you and everybody listening. There's a right way and a wrong way to do this. And for years and years and years long before I ever met Jill, I perfected the right way to do it. I was doing it wrong. I perfected it. I was doing it wrong. And by no means, is it perfect now. There's always room for improvement. But what Gina's doing is going to the county. This is the old, old school way that I used to do, in the '90s I used to do it this way because the data didn't exist yet. You could go to the county, and as a matter of state statute, they had to provide the tax roll for that county. So if you go to a county in Texas, you walk in and you say, "Hey, I'd like to... I know you provide the whole tax roll, all the people that own all the properties in the county. I'd like it, please." And they would say some version of this. "That's great, Mr. Butala, we'll compile it for you. Come back next month. We'll print it all out for you on a green bar piece of paper from an IBM printer that we have- Jill DeWit: Dot matrix. Steven Butala: Come back with the U-Haul, because it's..." And I used to do that. And then input it, and send letters out. Or, and then a few years went by, I'll use Maricopa County, the county that Phoenix is in as an example there,
As a professional real estate agent, there is no excuse to not know the contract inside and out. Doctors and lawyers spend years studying their trade before they're allowed to work in their field. Have you spent years studying the contract and all the other fundamental elements you need to know to be an expert real estate agent? Drop what you're doing and sit down and study every line of the contract and all of the nuances and variables that come into play in a transaction. This is a good jumping off point for any real estate agent that wants to perform at a professional level. Know the fundamentals. It takes years of experience to become an expert and there are no short cuts. Put in the time. I'm out!
Continuing from our prior episode, we dissect another set of deal documents and how they impact you as an owner. Discussion with Brent Beshore and Emily Holdman starts @ 5:16.
3 Ways You Know a Buyer will Buy Your Property (LA 1012) Transcript: Steven Butala: Steve & Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit broadcasting from Sunny Southern California. Steven Butala: Today, Jill and I talk about the three ways you know a buyer will buy your property, what do they do? What do they say? Do they laugh at you? Jill DeWit: That's not one of them. Steven Butala: Do they call you a name? No, it's none of that stuff. They have a chequebook in their hand. I'll tell you that. Jill DeWit: I'll tell you what, that you know what? I'll tell you what it's not. It's not a tire kicker. When they start asking a million questions and they're ridiculous questions that are already in the posting. That's a tire kicker. That's not one of them. But in a minute, I'll tell you the right way. Steven Butala: I've been a real estate acquisition expert in some capacity my whole adult life, and I take that very seriously. I take real estate sales with a grain of salt and a dash of cynicism. That's right. This is the Jill show today. Jill DeWit: Wow. Oh my goodness. Steven Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community, it's free. Jill DeWit: A grain of salt and a dash of cynicism, I'm going to remember that one. Steven Butala: I just made that up. Jill DeWit: That's very good. Steven Butala: It's an original Stevens. Jill DeWit: I love it. All right, Jeff asked, how do you handle the Mexican standoff Wooden Pine property? He put that in quotes. I just bought my first two parcels and I had a mobile notary hand over the check when the deed was signed. This made sense to me because there's a trade happening on the spot. However, when I'm selling land, hopefully soon, do I trust the buyer with the signed deed or do they trust me with their money? I just think the sign Purchase Agreement first, and this document creates the trust for the rest of the transaction. Do they send the cashiers cheque first and then I send the deed Do you want me to go? Steven Butala: Yes. Please, you're an expert at this. This is a very good question and it's not an uncommon one. Jill DeWit: Oh yeah. It's interesting and I'm wondering why Jeff is second guessing himself, because you should be walking around knowing that you have this item for sale. When they buy it, they pay for it. No questions asked whether it's a checkout online with their credit card, they send you a cashier's cheque money, order wire the money because it's so big, whatever it is. That's just how it goes, and then you do complete the deed. Why do they feel so good about you? Where's this? Why am I not hesitating? Because they can look you up. You have a track record, you're transparent, all your social media and your website all go point in the same direction. You know that you are a seller of property, and there's nothing to think about. It'd be like, I don't question other things online. I'm trying to think of good example. Jill DeWit: But we're online nowadays we're online buying things all day long and I don't question it. I get in a car and drive to a restaurant trusting they're going to be there. Because I see it, seriously. Because I see their online presence. I see them on Yelp, I see their website, I see a map, I trust that they're there. It's the same thing for you. Steven Butala: We've been buying stuff online,
After 2 ½ years of looking for a software business to buy with my partner, I think we're finally getting towards the end! And at the end of the due diligence process when you're going to buy a company… you've got to sign a purchase agreement. This purchase agreement is the big contract; it's the document that lays out all the final terms and conditions. And when it's signed, the money is wired — and it's official: you own the company.So because this is all so timely for us, today we're going to be talking all about purchase agreements! In fact, we'll be going through the actual 57-page document I received for this software business to explain each section to give you all an idea of what to expect when it comes to negotiating your first purchase and sale agreement!Key Takeaways:[:11] About today's episode on purchase agreements![2:22] We begin looking at the 57-page purchase agreement word doc, starting with an overview of the table of contents and section 1, the glossary.[5:09] Reviewing section 2: the purchase and sale of parent shares.[9:40] Reviewing the following three sections that cover representations and warranties — first up, those concerning the company.[16:30] Next up, we take a look at the sections covering representations and warranties of the sellers.[17:55] Taking a look at the representations and warranties concerning the buyer.[18:58] Reviewing the section that covers the additional agreements.[19:52] Checking out section 7: identification and related matters.[23:03] Wrapping up the podcast with some final points about purchase and sale agreements![24:54] What should you be focusing on when negotiating these documents?[28:14] Thanks for tuning in!Mentioned in this Episode:Purchase and Sale AgreementFor More on The Alternative Investor, Check Out:TheAlternativeInvestorShow.comThe Alternative Investor on iTunes — Leave us a review! See acast.com/privacy for privacy and opt-out information.
© 2020-2025 Ivy Podcast Discovery LLC
