If you are planning to sell or buy the assets of a corporation, before you go to your lawyers office you should provide the answers to the  following questions:

• Names and addresses of everyone involved in the sale
• All assets and property that will be in part of the sale
• What monies are being paid?
• What are the debts and liabilities of the company?
• Will the consideration be paid in installments or a lump sum?
• When will payment be due?
• Have all due diligence documents been obtained?  For example, have you inspected the books, property or business records?
• Agree on a closing date
• Are there any warranties?
• Any intellectual property, such as the use of the company name be transferred?
• Who pays any potential taxes?
• Are there any employee agreements?
• Are there any leases?
• What happens if one party defaults?