Checklist

Our Checklist provides an aide-memoire to the buyer to think about the key aspects of any transaction.

• 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)

• 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