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Join Date: Sep 2001
Location: Chesapeake, VA
Posts: 1,699
General Rant about Lawyers

If lawyers read, apologize if I offend here, but am specifically referring to the clown show we are part of with the process of selling our small company. The Buyers used a large firm who are "experts" - the result has been a Purchase Agreement 2 x the size of one used for a $250M sale I have insight to. The lack of organization, and continued editing of Buyer and Seller agreed to documents, so editing just to edit, is staggering. The bank's legal weighing in at the end with a list of documents they want and AFTER signing all of the documents demanding changes to an agreed upon deal, and essentially wanting to have an open ended timeline to effect payment is maddening. I am at a complete loss of words. We are held hostage by an arrogant property attorney who's emails are don't have, can't do, unable...instead of just saying get us this and we send the $$s. The net effect is they are racking up hourly fees - unprofessional at a minimum.

The legal team of the buyer and the bank have completely sucked the good feeling and joy behind this professional milestone. While I think we have a basis for breach to terminate, our bowels are liquid just thinking of having to go through this again.

Just venting. The Buyer's wife is a lawyer made the comment: "there are a lot of crappy lawyers...", my response was "why did you have to hire all of them."
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Chris

1988 911 Carrera Targa (driving project started JAN 2022)

1970 911E - Long since gone
1972 911 Targa - gone
1987 911 Carrera - gone
Retired FA-18C Driver
Old 12-19-2023, 09:37 AM
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