Buyers Process

Step One: Buyer searches practices

Buyer

1. Complete a user profile by filling in some basic information

2. Search practices and view highlight information about each practice

3. Participate in a fifteen-minute video-meeting strategy session with a Practice Orbit representative

4. Perform an identity verification using quick and easy-to-use software.

5. Invite your team to be attached to your practice in Practice Orbit (e.g. Accountant, Lawyer, Outside Broker).

This allows buyers to:

• View in-depth information about practices
• Choose to start the NDA process with sellers

Step Two: Sign a Non-Disclosure Agreement (NDA)

Buyer

1. Is sent an NDA for this practice, which they sign

Once the NDA is counter-signed by the Seller, the Buyer may:

2. View additional information about the practice

3. Communicate directly with the Seller

Step Three: Buyer chooses practice to purchase

Buyer

1. Indicate a desire to purchase the practice

Step Four: Buyer and Seller sign a Letter of Intent (LOI)

Buyer

1. Receive an LOI from the Seller
2. Indicate that either the LOI is accepted or you wish to negotiate the terms

Seller & Buyer

1. If the Buyer indicated a desire to negotiate the terms, the Buyer and Seller negotiate until they agree on the terms

2. The Seller may update the LOI with the negotiated terms and re-send to the Buyer

3. Buyer signs, then the Seller co-signs, the LOI

Note: After this point, either the Seller or Buyer are free to terminate the LOI, and both are then free to continue a sale with other people.