How a Construction Business Hired a Lawyer to Review a Buy Sell Agreement in Illinois

In 2022, a business in Illinois sought assistance with reviewing a purchase contract related to the sale of its operations in the construction industry. The client needed a thorough examination of the contract and desired the creation of a robust promissory note and guarantee, as well as a mechanism to place a lien on the assets until the total payment was made. This was crucial as the client was financing part of the business transaction, which involved an estimated transaction value between $100,000 and $150,000. As a result, the client received three proposals from licensed lawyers, with flat fee bids ranging from $1 to $1,000, all submitted to complete the work within the requested deadline of one week.