First Meeting

                                                        First Meeting

Only agree to meet after the seller has collected all the documents and information in Lists 1 and 2. You are now prepared to have a substantial conversation about the business and almost all the factors that will affect your decision to buy it or not. However, under no circumstances do you make an offer to the seller at the first meeting.

Note: As the seller responds to your questions, make contemporaneous notes. I suggest that you type up these responses and include them as an addendum in the final contract for the seller to swear and attest to. If you discover that a material fact has been misrepresented, the addendum may be sufficient grounds to overturn the sale and obtain a refund of your purchase money.