I own a small retail business in AZ, and am in the process of selling. We have a purchase agreement polished (not signed), and are ready to turnkey. The one thing holding it up is pending litigation that my business has been involved in since 2017, of which my business is considerably smaller than the other two defendants involved. The buyer does not want to assume the risk, and is requesting that it be resolved prior to finalizing the sale.
I am looking for experience in this scenario, in which I could assure the buyer that they will not be involved, or at risk, considering they will only be purchasing my assets, FFE, customer lists, etc. There is no legal business purchase, nor a reassignment of the lease I am currently in. Any suggestions as to what actions to take, resources available to gather information, or strategic moves I could make would be much appreciated.