3. The Buyer and Seller will be on a good footing for a good post- sale relationship This system involves the following business/process streams which are managed separately: 1. Due diligence - Financial, payroll, IT, operational, legal, etc. 2. Debt Funding - All activities to secure any necessary debt for the purchase. 3. Post-Sale Planning - All activities and plans related to what happens from day 1 to 100 and thereafter. 4. Legal - The process of building up the document pack, working with the lawyers and all other legal issues. Project Initiation The following happens the day the Heads of Terms is signed: 1. Welcome Email - A welcome email is sent to both parties describing the process 2. Virtual Data Room (VDR) set up - Representatives (including accountants) from both parties are set up with Virtual Data Room (VDR) accounts although only the Seller will get access initially. (Note: A separate legal VDR will be set up for legal due diligence at a later stage). 3. Virtual Due Diligence request list set up - Buyer requests lists for the various due diligence types (i.e. financial, payroll, vat, IT, etc) are set up as spreadsheets with links so everyone has access and can see responses and progress. 4. Weekly call set up - 30 minute weekly team calls to track progress are set up at the same time slot on Zoom every week. These are one of the most helpful aspects of the process as it
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