Completion Day

Completion Day is when all legal documentation is completed and funds are paid by the buyer to the seller. The ‘Day’ part may be misleading as it has been known for completion to take place over several days as negotiations will still be going on right up to the point of signing all the paperwork.

Consideration

Different kinds of deal structures that a potential buyer will offer the seller are known as the ‘Consideration’.

Data Room

When selling your business, to aid due diligence, a data room will be prepared which will contain all your available company documentation covering all aspects of the business in electronic format to provide your buyer with peace of mind as to what they are purchasing.

Deal Fever

Deal fever is when irrational thoughts start to happen, decisions are made because your emotions get caught up, and greed makes an appearance. You start to be carried away by the big numbers being talked about, and you start to believe that your company is worth more or that the potential buyer definitely wants to […]

FOIA

The Freedom of Information Act gives you the right to ask any public sector organisation for all the recorded information they have on any subject. Anyone can make a request for information – there are no restrictions on your age, nationality or where you live. If you ask for information about yourself, then your request […]

Gluttony

Gluttony (Latin: gula), derived from the Latin gluttire meaning to gulp down or swallow, means over-indulgence and over-consumption of food, drink, or wealth items to the point of extravagance or waste.  We couldn’t resist putting this one in our  glossary as that’s what we coined the term ‘deal fever‘ on. It happens during the sell process, […]

IM

The memorandum of information (IM) which is also known as an MOI, is a selling document and should be no more than 20 pages. It showcases your business in detail and will be written by your Corporate financial advisor (as part of their engagement and fee) after they have spent hours interviewing you and anyone […]

IPR

Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

MOI

The memorandum of information (MOI) which is also known as an IM, is a selling document and should be no more than 20 pages. It showcases your business in detail and will be written by your Corporate financial advisor (as part of their engagement and fee) after they have spent hours interviewing you and anyone […]

NDA

A non-disclosure agreement (NDA) is a signed formal agreement between two parties. It states that one party, the Seller (that’s you if you’re selling your business), agrees to give a second party, the potential Buyer, confidential information about its business or products and the second party agrees not to share this information with anyone else […]