Business sale and purchase agreement: home based trading business
Use this comprehensive agreement to buy a home based
Internet trading business selling goods of any description: no
unnecessary verbiage, menu of suitable warranties.
About this document
This is a shorter document, stripped down to cover the requirements of a buyer of home based trader. Covers full e-commerce provisions. It assumes no real property and no employees are to be transferred with the sale.
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 making the document his.
Note:
• Warranties have been used only so far as appropriate to the subject matter of the sale.
• Purchase price apportioned among the assets to simplify tax planning;
• Comprehensive list of matters to be done before completion and documents to be handed to the buyer;
• Provisions to prevent seller setting up in competition;
• Explanatory guidance notes in plain English are included.
Contents
Interpretation
Agreement for Sale
The Purchase Price
Items to be delivered at completion
Completion
Debtors
Creditors and Liabilities
Tax
Warranties by the Seller
Future Activities
The Guarantor
Communications
Miscellaneous Matters
Jurisdiction
Warranties covering
Assets
Stocks
Accounts
Suppliers and customers
Licences, consents and passwords
Insurance
Joint ventures and partnerships
Statutory restrictions
Litigation
Seller's activities
Contracts
Defective products and service liabilities
Intellectual property
Internet domain names
Word
Count (approximate):
Document: 6250
words
Explanatory notes:
3850
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
Business sale and purchase agreement: home based trading business
