09/28/2026
When you sell your business, the buyer isn’t just buying your equipment. They are buying your word.
Representations (Reps) are statements of fact about the business now (e.g., "Our taxes are fully paid").
Warranties are promises that those facts will remain true or be "made right" (e.g., "If a tax issue from last year pops up, I'll cover it").
The buyer can't know everything you know, so they rely on these legal promises to feel safe signing the check.
Worried about the due diligence process? Contact Sunbelt Business Brokers of Oklahoma City for a confidential consultation: https://www.sunbeltnetwork.com/oklahoma-city-ok/contact/