1.Inventory. Refers to all products and materials inventoried for resale or use in servicing a client. important note: or qualified representative should be during any what was on of should know the status inventory, what's on hand and inventory hand at the end of the last fiscal year and the one preceding that. You should also have the Also, appraised. After all, this is a hard asset and you need to know what dollar value to assign it. in check the inventory for salability. How old is it? What quality? negotiation. you feel mind that you don't have to accept the value of this inventory: it is subject to If then it is not in line with what you would like to sell, or if it is not compatible with your target market, by all means bring those points up in negotiations.