Question: Why might a sell - side advisor request a purchase agreement to be drafted by the buyers' lawyers during the LOI stage? Choose the correct

Why might a sell-side advisor request a purchase agreement to be drafted by the buyers' lawyers during the LOI stage? Choose the correct answer: To assess how long the transaction might take to close based on how long the diligence request list is To gauge how difficult the upcoming negotiation process will be based on the number of mark-ups To determine the credibility of the bidder as the hiring of a lawyer indicates the LOI is a serious bid To provide the seller with a binding purchase offer with a fully committed or credible source of financing.

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