Business sale agreement
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Key features
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- Length:29 pages (7998 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
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We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
About this document
This is a comprehensive agreement for the sale and purchase of a business by an individual, a company or any other organisation.
Note: not suitable for sale of shares in a company. For a company sale, see Company sale agreements section.
This document is very comprehensive. Before you select it, you might consider the alternative versions, already tailored to the most common business uses. They are listed in the column on your right.
It is usual for the buyer to produce the sale document but there is no reason why the seller should not obtain an advantage by providing the first draft.
Warranties have been used only so far as appropriate to the subject matter of the sale. The drafting notes contain a thorough explanation of how warranties work.
The purchase price may be apportioned among the assets to assist in tax planning.
As a buyer, you will probably be buying the property or at least taking over a lease. Many of these agreements include a transfer of a lease and / or an agreement to buy a freehold.
We give you more information about these procedures in the drafting notes that come with each document.
Contents
- Interpretation
- Agreement for Sale
- The Purchase Price
- Items to be delivered at completion
- Completion
- Stocks
- Debtors
- Creditors and Liabilities
- Tax
- Warranties by the Seller
- Future Activities
- The Guarantor
- Communications
- Miscellaneous Matters
- Jurisdiction
Warranties covering
- Assets
- Stocks
- Accounts
- Employees
- Suppliers and customers
- Licences, consents and passwords
- Insurance
- Joint ventures and partnerships
- Statutory restrictions
- Litigation
- Seller’s activities
- Contracts
- Defective products and service liabilities
- Properties
- Leasehold properties
- Freehold properties
- Intellectual property
- Internet domain names
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- Comprehensive template covering legal and practical points
- Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
- Up to date with latest law our lawyers regularly review how new relevant law affects each document in our library
- Written in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
- Support from our legal team email us with questions about editing your document
- Money back guarantee that if the document isn't right
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- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
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