Business transfer agreement: incorporation of a sole trader or partnership to a company
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- Guidance notes included
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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.
- 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
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
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