Business sale and purchase agreement: goods hire business
Purchase agreement for business hiring out goods and
providing service example marquee hire, plant hire, catering
hire. Includes for property transfer, staff and e-commerce.
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 purchase of shares in a company. For a company purchase, see Net Lawman company section.
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
iscellaneous 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: 8200
words
Explanatory notes:
4500
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
Business sale and purchase agreement: goods hire business
