How a Business Hired a Lawyer to Draft a Business Purchase (all docs) in Texas

In 2023, a business in Texas sought assistance with drafting a letter of intent for the purchase of a company specializing in pipe and drape services. The client aimed to ensure that their deposit would be refundable if certain contingencies were not satisfied during the due diligence phase. Additionally, they required guidance on articulating these contingencies and addressing potential pitfalls, particularly given the company's lack of positive cash flow over the past two years and the need for additional seller financing in their offer. As a result, the client received 12 proposals from licensed attorneys, with flat fee bids ranging from $425 to $3,500, all submitted to meet the requested deadline of one week.