How an Automotive Business Hired a Lawyer to Draft a Share Purchase Agreement in New York

In 2021, a business in New York sought assistance with drafting a share purchase agreement. The client aimed to ensure that key elements of the transaction were accurately reflected, including the remaining debt condition, asset allocation, seller's authority, and a seller carry arrangement. They had developed a preliminary version of the document themselves but wanted the expertise of a legal professional to provide additional security and clarity in this lean deal. As a result, the client received two proposals from licensed lawyers, with flat fee bids ranging from $575 to $1,900, all submitted to meet the client's deadline of less than one week.