How an Online Media Business Hired a Lawyer to Draft a Buy Sell Agreement in California

In 2021, a business in California posted a project seeking assistance with drafting a buy-sell agreement necessary for purchasing a digital magazine. The client intended to revise a previous contract used by the seller, as certain clauses and agreements, particularly those related to profit-sharing, were not acceptable. The goal was to ensure all vital elements were addressed in the new agreement while maintaining a positive relationship with the seller, who planned to remain involved in a limited capacity. As a result, the client received four proposals from licensed lawyers, with flat fee bids ranging from $750 to $1,475, all submitted to meet the requested deadline of less than a week.