MANDATES
The Mandate with our
clients will only be concluded after we have exhaustively explored the
specific needs of our clients with all interested parties. We dig until
we get clear direction from the client’s needs before we create a
Mandate.
Once we fully understand
the client’s situation there can be tax considerations, personal family
needs or estate planning needs that require approaching the project from
a unique perspective which provides added value to the client.
DML only enters into
Mandates with clients once we are convinced there is a realistic
expectation of achieving the client's objectives. This will always
require a review of the business in question and a clear focus
of the individual needs of each of the owners.
Mandate Terms and Conditions
Some of the essential
terms and conditions that are in our typical Mandates for the sale or
purchase of a business;
-
Identifications of all parties to the transaction;
-
A detailed description of all the shares or assets to be purchased
or sold;
-
Appointment of DML authorizing it to act on behalf of the client;
-
Term of Mandate;
-
Undertaking by client to provide to DML all necessary current
information; and
-
Compensation to be paid to DML for a successful transaction..
