<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif;
mso-ligatures:standardcontextual;}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri",sans-serif;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72" style="word-wrap:break-word">
<div class="WordSection1">
<p class="MsoNormal">Situation: Buyer of Property with Business located on it. Seller must transfer the license for the business within 6 months of closing. Buyer is asking what ‘protection’ can they have if the Seller refuses to do so. Issue comes up because
Seller is doing a partial carry back (less than half the value of the allocated business) and Buyer feels like Seller is getting ‘extra protection’ for that (Note and DOT) and so wants something
<i>else </i>besides the contract. Any ideas brain trust? I thought about some sort of provision added to the non-compete but I mean a complete ‘bar’ from the Seller operating after X amount time following closing seems unlikely to be upheld.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This is a total Friday afternoon problem.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Richard L. Holland<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Attorney, WSBA# 23921<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><img width="175" height="78" style="width:1.8229in;height:.8125in" id="Picture_x0020_3" src="cid:image001.jpg@01D9B653.2C39B320" alt="logo-for-print.jpg"><span style="mso-ligatures:none"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D;mso-ligatures:none">11335 NE 122nd Way, Ste 105<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D;mso-ligatures:none">Kirkland, WA 98034<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D;mso-ligatures:none">877.785.8734 / 866.982.5080 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="color:black;mso-ligatures:none">***PLEASE NOTE: WE DO NOT SEND FUNDING INSTRUCTIONS VIA EMAIL, PLEASE CALL OUR OFFICE TO VERIFY INSTRUCTIONS BEFORE SENDING ANY FUNDS***<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:#1F497D;mso-ligatures:none">The information contained in this communication, and in any attached document(s), is privileged and/or confidential, intended solely for the individual/entity to whom/which
it was sent. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this information is strictly prohibited. If you have received this email in error, please notify me immediately at the email address,
mailing address, or telephone or fax number above.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
</body>
</html>