Purchase & Sale Agreements
 

When negotiating the purchase and sale of a pharmacy an agreement in contract form is called the Purchase and Sale Agreement. This contract is the “blueprint” for the transaction.  
 
The agreement details how much the buyer agrees to pay and what the seller is conveying to the buyer. This is a binding agreement and outlines which files, inventory, and assets are being purchased, the time required to close the transaction, payment methods, who pays the various expenses of the sale, who bears the risk of loss, the date of the closing, etc. To be enforceable the contract must be in writing, and signed by both parties, contain the buyer’s and seller’s names, and contain adequate description of the transaction.

However, it should be understood that the Purchase & Sale Agreement does not provide tax and legal guidance for the seller. The seller should be well advised by a knowledgeable broker regarding tax consequences, restrictive covenants, and the structure of the deal. These aspects of the deal may not have any impact from the buyer’s point of view, but if not considered carefully may have affects to the seller’s financial position after the transaction is closed.

Washburn & Associates works exclusively in the pharmacy industry and can provide expert guidance in bringing about a transaction that most benefits the seller’s tax concerns, family estate planning, and increasing the amount of money the seller actually puts in their pocket.

When you are considering selling your pharmacy, contact Washburn & Associates today and learn about the expert pharmacy acquisition skills earned from years of exclusive pharmacy experience.