Short transcript excerpt from a YouTube video where Wes Read, CPA, CFP® and another speaker discuss why hiring a dental-specific attorney for a dental practice sale is worthwhile. They argue that specialty legal knowledge reduces missed issues, increases clarity for buyer and seller, and prevents future disputes resulting from misunderstanding by non-dental attorneys.
Highly advocate, even if it costs a little bit more for the specialty knowledge that you have somebody who's done this a lot that is a dental specific attorney.
Yeah, absolutely. And so either they're going to miss something. And ultimately, regardless of whose side you're on, whether you're a buyer or a seller, it benefits both sides to have every single condition discussed and agreed upon so that there's clarity. Without that clarity that leads to disputes and issues in the future. So a lot of times when there's a non dental attorney on the deal, there's a lot of explaining as to why all these provisions are needed. But also a lot of times there'll be pushback on something that really doesn't impact either the buyer or the seller just due to lack of understanding.
