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The process of closing a deal can be slow, but it's crucial to finalize agreements on the same day. Leaving without formalizing the deal increases the risk of it falling apart, particularly due to buyer's remorse, which can occur after a long, tiring day. When participants are exhausted, they may feel compelled to reach a resolution. However, once they return home, their interest in following through may diminish. Therefore, it's important to conclude discussions and address all loose ends on the same day, rather than relying solely on a term sheet with essential terms, to ensure commitment and completion.
