Transaction Closing Mistakes You Can’t Afford to Make

In this episode of Ounce of Prevention, attorneys Miranda and Rachel take listeners behind the scenes of one of the most critical—but often overlooked—parts of any transaction: the closing. Whether you're acquiring an asset, negotiating a sale, or advising clients through the process, knowing how to manage a closing effectively can mean the difference between a smooth handoff and a major headache.The conversation begins with a clear explanation of what a “closing” really entails—breaking down not just the moment the deal is signed, but the full scope of ancillary documents, logistics, and moving parts. From there, Miranda walks through what a strong closing checklist looks like, including who needs to see it, how early to circulate it, and why it should be tailored to different types of transactions.Rachel and Miranda also explore when a closing should be handled in person versus virtually—and the real-world consequences of getting it wrong. They share hard-won insights and even a few cautionary tales about closings that went off the rails, followed by a timely caselaw update to keep you in the know.If you’re a business owner, dealmaker, or legal professional, this episode offers practical advice to help you navigate closings with clarity and confidence—and avoid the most common (and costly) missteps.🎃 Bonus: Be sure to catch the announcement about the upcoming Halloween Dealmakers Haunted Hall Gala—a spooky-good networking opportunity![0:00] Introduction and teaser: topic of discussing transactions[1:45] Miranda explains what closings of a transaction and ancillary documents are[4:59] Rachel asks Miranda what a closing checklists should look like for closing on different assets. [6:00] Who should be seeing the closing checklist?[6:39] Ad break - Halloween Dealmakers Haunted Hall Gala announcement[8:04] How to know when a closing should be in person[9:58] What can happen when a closing goes wrong[17:08] Caselaw updateIf you enjoyed this conversation and would like to discuss how RR&A’s Outsourced Legal Department can help your company, visit the R. Reese & Associates Website: https://rreeselaw.com/ Want more ways to stay up to date on the latest industry-specific news? Subscribe to our monthly newsletter: https://rreeselaw.com/insights/an-ounce-of-prevention-by-rra/