Checklist
Our Checklist provides an aide-memoire to the buyer to think about the key aspects of any transaction.
Preliminary Stage
Review specification/documentation vs your defined requirement
Clarify with Seller anything unclear
Identify additional information required from Seller
Verify ownership (documentation)
Perform counterpart check if necessary
Define your position in term of non-compete requirement: local or global or industry?
Get confirmation from seller in writing of any important aspects
Assess transportation options and logistic aspects
Review documentation & maintenance history
Assess refurbishment costs
Assess other costs for bringing equipment to operation
Consult your legal counsel for support/advice
Survey/inspect the equipment if possible before to agree a deal
Agree terms of the deal in principle (term sheet)
Pay a deposit if part of the deal
Assess & evaluate Installation costs (if appropriate)
Closing stage
Survey/inspect the equipment to confirm "the item" and assess deviation
Negotiate final contract with the support of your legal advisor
Review additional documentation on location
Agree final contract
Get final approval confirmation of transaction
Secure insurance, valid from point of sale