AndrewJones12 | 15 years ago | on: A Challenge To Startup Lawyers
I was privy to several buy-sell transactions and it certainly seemed to me that attorneys regularly use "shelf" documents to frame the deal and have their legal secretary just change the names of the entities from past transactions and then tweak a few clauses. Lots of work on the schedules but just drafting deal documents should not cost $15K. I even had one lawyer comment when sent an asset purchase agreement that he was the original drafter of the document several years previously. He literally said,"Hey that's my APA".