Business sale agreement; modern, full version; inc transfer
of leasehold or freehold property; with stock, e-commerce
facility, menu of 120 warranties; suitable almost any type of
business.
About this document
This is a comprehensive agreement for the sale 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 Net Lawman company section.
This document is our most comprehensive version. 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.
Complications arise if the purchase money is not paid over to the seller at the same moment as other matters are finalised. This and other Net Lawman documents assume that most matters will be completed when the cash is paid. There are a few inevitable exceptions, particularly when relying on a third party such as a web host or domain name registrar. If it is inevitable that some matters remain to be done later than the date of completion, you should use our drafting service to draw the fine points for you.
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
Word
Count (approximate):
Document: 7800
words
Explanatory notes:
4200
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
