Business transfer agreement: incorporation of a sole trader or partnership to a company
Comprehensive agreement similar to the other business sale
agreements, however, this document provides specifically
for matters which will arise when selling to your own
company.
About this document
These are agreements for the sale of any type of business by either a limited liability partnership, a company, a by one or more individuals. Net Lawman also host agreements for sale of a company, with or without a business.
First, we cover matters common to most or all of the agreements, then we look at each document in turn.
Who will use these documents?
Any individual or company selling or buying a business or enterprise of any sort. It is usual for the Buyer to provide the sale agreement. However, Sellers can gain an advantage by obtaining the agreement first and making preliminary edits in your favour.
Contents
Terms of the agreement for sale and list of subject matter of sale
Provision of purchase price, when and how it is to be paid
Practical steps required to complete the transaction
Dealing with counting and hand over of stocks
Responsibility for creditors and debtors
Seller’s warranties
Seller’s future activities
Mediation of a dispute before court action
Other legal issues to negotiate and account for
Word
Count (approximate):
Document: 1415
words
Explanatory notes:
506
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
Business transfer agreement: incorporation of a sole trader or partnership to a company
