How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask MShore Law Your Own Question
MShore Law
MShore Law, Attorney
Category: Business Law
Satisfied Customers: 25285
Experience:  Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
Type Your Business Law Question Here...
MShore Law is online now
A new question is answered every 9 seconds

I am selling my business and want to add an addendum to the

This answer was rated:

I am selling my business and want to add an addendum to the sales agreement , how do I go about that? Please help me!
Thank you for the post, I am happy to assist you by answering your questions. What is the objective of the addendum?
Customer: replied 4 years ago.

the objective is the same as stated that the buyer can not turn around and sue me for anything after the sale is complete

Thank you Pushpa, does the business have any pending suits, liabilities, or debts that the buyer is assuming?
Customer: replied 4 years ago.

No, the business has none of the above mentioned problems , it is a very good clean business . It is a 18 year old hair salon.

Thank you, XXXXX XXXXX addendum would include language similar to the following: Buyer agrees that he/she/it shall indemnify seller against any and all claims of liability or legal action by virtue of any alleged act or omission. Buyer agrees to hold seller for harmless for any and all claims, known or unknown, arising against the business or buyer in his/her/its personal capacity by virtue of the purchase of the business. The provisions herein stated shall be effective as of the date of sale." Please let me know if this does not answer your question or if you have any follow up questions. If this does answer your questions, please positively rate my answers.
MShore Law and 3 other Business Law Specialists are ready to help you