An important part of the negotiation process is the terms of purchase. In many cases, the buyer is unable to pay the full price in cash and must seek extended terms. At the same time, the seller may be concerned about taxes on the profit from the sale. Terms mau become more attractive to the buyer and the seller as the amount of the down payment is reduced and/or the length of the repayment period is extended. Like a purchase of real estate, the purchase of a business is closed at a specific time. A title company or an attorney usually handler the closing. Preferably, the closing occurs under the direction of an independent third party. If the seller's attorney is the closing agent, the buyer should exercise caution a buyer should never go through a closing without the aid of an experienced attorney who represents only the buyer.