Pompton Plains, NJ asked in Business Law for Florida

Q: Can a business broker provide legal advice to a seller of a business in Florida? I am the buyer of the business.

I am in the process of buying a business and my attorney created an excellent closing agreement. The broker says it heavily favors me and for the seller not to sign it. The broker is not an attorney. So now the seller wants to use a fill in the blank document for the business which is not protecting me at all. I am purchasing a client list.

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1 Lawyer Answer
Richard Paul Zaretsky
Richard Paul Zaretsky
  • West Palm Beach, FL
  • Licensed in Florida

A: A non-lawyer can never provide legal advice. Period. But don't confuse legal advice with personal opinion.

You have an attorney - listen to your attorney as that person is being paid to protect your interests. The seller wants to sell and the broker was a broker fee. Understand everyone's priorities.

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