That being the non-compete and the indemnification clause. Joe: She covers the two big stomach ache clauses in contract negotiations. But for anyone that already knows how to do that or has done that what else do we cover in this episode? Mark: I’m gonna put you on the spot because you said we’re going to address in this podcast episode how do you transfer an Amazon business and how are people doing it pretty much across the board. Get your ducks in a row and make sure that you’re doing the right thing as you go into your transactions you can do it with confidence. Don’t wake up and decide to sell but plan to sell, same thing should be said for an attorney talk to one. I think it’s really really important as you and I have talked about how important planning is. She’s a contract attorney that came from the corporate world representing businesses, every day household businesses, she was their attorney a very good one in the corporate world last went out on her own and now represents both buyers and sellers in transactions. Not only that she talks about contracts in general, she represents both buyers and sellers. And she goes into detail about it, and she goes into great detail about it. Look she does close transactions for Quiet Light Brokerage, for Empire Flippers, for Website Closers and you guys know who they are so it’s okay to mention them right? And I know she does that so I wanted to confirm with her what processes, what she does and shockingly Mark it’s the same way that we do it believe it or not. And I just picked up the phone and I called her and chatted with her.
And I came across Rochelle through some other folks that I worked with and I had a call with her. And this time for this show I don’t … falsely, folks, I talked to an attorney and it was actually a really good call and here’s why I had her name is Rochelle Friedman, she’s from Walk Law Firm and you know look with physical products businesses and the transfer of an Amazon Seller Account everybody has questions about how to go about doing it, whether it’s a US based account or one that’s international. I just do the interviews you do all of the stuff in the background so thank you and I appreciate it. I think like three to one, four to one as far as the ratio is concerned and I’m sure our listeners are ecstatic. Mark: You know ever since you got back from Italy you are kicking my butt again when it comes to the number of interviews you’re doing for the podcast.
Having a qualified contract attorney truly matters.Both buyers and sellers need to be happy at closing, or a deal falls apart.Transferring non-US accounts is the same process.Learn Rochell’s approach to transferring an Amazon account.All of these are part of the assets of your business, and hiring a firm like Walk Law Firm to review them in advance of a sale is advisable. Make sure you are properly incorporated, that your trademarks and copyrights are up to date and transferrable. Rochell also delves into the two big “stomach ache” clauses in a typical asset purchase agreement, and how to address them up front so the due diligence and negotiation process is successful.Īs you’ve heard us often say…”don’t decide to sell, plan to sell”. In today’s Podcast she covers the risks and pitfalls of transferring an account through an asset sale, and talks about the different types of transactions she sees occur. Now more than 50% of her business is representing both buyers and sellers in transactions that involved the transfer of an Amazon Seller Account.īecause of her specialty and expertise, I wanted to have her on the Podcast to share her approach, and what she sees other brokerage firms in the industry doing. A few years ago she jumped ship and started the Walk Law Firm. Rochelle Friedman was a corporate lawyer representing some of the top products and brands in the world.