How Would You Decide When to Sell a Business

question 103

Essay

How would you decide when to sell a business?

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Definitions:

Duress

A situation where an individual is forced to act against their will or make a decision under threat of harm or undue pressure.

Undue Influence

An unlawful practice where an individual takes advantage of their position of power over another person to influence their decisions.

Unilateral Mistake

An error made by one party in a contract situation, which may not necessarily void the contract unless the other party knew or should have known of the mistake.

Implied Misrepresentation

A false statement or omission made not through direct statements but through implications or conduct that misleads another party.