Why it Pays to Take the Time to Review Disclosure Schedules

If you are in the middle of negotiating an asset purchase deal, you are likely to come across a number of pages that are labeled as "disclosure statements" or "disclosure schedules." If you are a small business owner or entrepreneur, you are likely to glance right over these blank pages and ignore them entirely, and if prodded to review them or consider them, you may be tempted to give them as little thought as possible. Is this a good idea? You probably have some inkling that it is not but are not motivated to act any differently. How important can those blank pages be, really? If this applies to you, I recommend you check out this Forbes article that explains exactly what you mistakes you may be committing by not taking the time to really consider the significance of those disclosures you are supposed to be making:

The Importance of Disclosure Schedules in Mergers and Acquisitions