Business transfer agreement: incorporation of a sole trader or partnership to a company
Business transfer agreement
Incorporation of a sole trader or partnership to a company
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Key features
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.
Compliant with the latest law
Document properties
- Length:10 pages (1400 words)
- Available in:
Microsoft Word DOCX
Apple Pages
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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.
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
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Recent reviews
Good
Jono Rees
Very easy to use and very well designed service. I would however have liked to get more info regarding the application of the documents before having to buy. The agreement I downloaded was for the sale of a sole prop to a PTY LTD company where the deal was not at arms length - but this only became clear after the doc was downloaded. The doc was ideal for the purpose but could have just as well have been the other way around and that would have been frustrating of note.
Gert Koegelenberg
Review of the South African version
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