I am looking at a deal that I am very interested in. Seems pretty standard, with that said, the Seller is not interested in a seller note or earn out. To his credit, he has a legitimate reason, wanting all the cash in hand to make other investments. He is even interested in staying on for an extended period, and even full time at a reduced salary (which suggests he believes in the long term prospects of the company).

My question to the community - Do you believe a Seller Note or Earn Out is an absolute requirement?