Business Sale Agreement forms refers specifically to the contract between the seller and purchaser for the transfer of either shares or assets of a going concern business. The purpose of the agreement is to provide certainty as to the value, identity and ownership of the assets or shares to be sold and the amount and method of payment to be provided in exchange for the assets or shares. A business sale agreement is a complicated process and while making this agreement experienced legal advice is necessary. Regardless of the type of sale, business sale agreement must specify which assets are included and excluded. It must also specify if any liabilities will be assumed by the buyer. It should also include the selling price of assets and liabilities to which the selling price is allocated.
The allocation of price may also be a subject for negotiations. The business sale agreement will also contain clauses covering the conduct of the business prior to the sale as well as the rights, obligations, indemnifications and responsibilities of both the buyer and seller after the sale. An agreement to sell a business states the intention to sell, the selling price, and what equipment, stock, or other tangible goods are included. When a business creates an agreement to sell a business, it must state the name of the company, the business that is conducted by the company and all the parts of the business that are included in the sale.
Use the printable Business Sale Agreement form template available online. Download it either in MS Word or PDF format. Both MS Word and PDF format can be edited and customized as per your needs.
Business Sale Agreement Form
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