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In this video tutorial, Justin and Nick discuss the sale and purchase agreement (SPA) as part of their M&A Deconstructed series focused on demystifying the company selling process. They address the importance of involving legal teams once a deal is negotiated between the seller and a potential buyer. The SPA is highlighted as a crucial document that many business owners may not fully understand or be aware of, emphasizing the need for legal expertise in navigating its contents and implications during the sale process. The discussion aims to clarify the technical aspects of the SPA for sellers.