Archives Transaction Terms

Negligence – Business Broker & Business Valuation Terms

"Negligence: In the context of business brokerage and valuation, negligence refers to the failure of a broker to exercise the standard of care that a reasonably prudent professional would in similar circumstances, potentially leading to financial loss or legal consequences for the client."

Merger – Business Broker & Business Valuation Terms

"Merger: In the context of business brokerage and valuation, a merger refers to the combination of two or more companies into a single entity, typically to achieve synergies, expand market share, or enhance competitive advantage, with the assets and liabilities of each company being absorbed by the new entity."