What types of contingencies are common in a purchase agreement?


The types of contingencies usually revolve around the financing and how the purchase price will be paid. Your other contingencies may be the ability to transfer or acquire an existing lease for the location of where the business is being operated or for things like zoning to make sure that the business can be operated in that area. Those are typical contingencies that you see, but there can be many others, again, depending on the nature of the business and the complexity of the transaction.