Post successful deal closure, are there any formalities that needs to be completed?

Yes, once the deal is successfully closed, as per T&C, both the investor/acquire/advisor and the business should promptly disclose in absolute good faith the correct transaction value and transaction closure date to SMERGERS by promptly sending an email to within 2 business days of transaction closure.

The business / franchisor is also liable to pay the finder’s fee as per the contractual agreement. In case of non-compliance, the onus falls on both investor and business to clear the finder’s fee along with pentaly interest of 4% per month. Failure to do so would attract legal action from SMERGERS.

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