Quote:
Originally posted by KRL
It was a very complex transaction. There were 3 law firms involved. I just paid $18,000 in legal fees to one of the firms. There were specific reasons benefiting both parties and protecting both parties as to why we structered a multi month escrow. A lot of factors had to be detailed out like intellectual property rights, trademark rights, indemnifications, and covering all the what ifs and there were pages of those.
We started the deal last July to give you an idea of how long it takes to get something completely worked out to everyone's satisfaction and a done deal when you're buying things in that price range.
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excuse me for being ignorant - but 3 firms?
your firm
their firm
- usually only 2 are involved in a property transaction.
was the third firm the escro service?
or was their multiple owners of the url?
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