How Many Months Should The Exclusive Representation Agreement Be?

By Hoke - Last updated: Thursday, July 22, 2010 - Save & Share - Leave a Comment

An Exclusive Representation Agreement is a written contract which can be difficult to rescind so the Business Seller must be careful with Business Broker selection. The length depends upon the length of time the Business Broker estimates it will take to sell the business, usually six to twelve months. A Business Broker who is confident in their ability will sometimes initially accept a shorter length agreement with the provision that it will be extended if the Business Seller is pleased with the initial performance.

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