I have been approached by someone interested in buying my small sole practitioner practice. I am happy with issues around valuations and clawback etc
However one thing I'm not sure about is how people would normally secure the second and/or third payments from the buyer, because it is unlikely the buyer would pay for it all up front.?
Is there a standard way this can usually be achieved or is it very much done on trust?
Any thoughts from anyone with experience of this would be much appreciated.