Business sale agreement: takeaway food retailer

Hot food takeaway business purchase agreement: comprehensive document covering stock, transfer of lease, website, full warranties, single or multiple outlets.

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About this document

This is a comprehensive agreement for the sale and purchase of a business by an individual, a company or any other organisation.

Note:

  • not suitable for sale of shares in a company. For a company sale, See our Company sale agreements 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.
  • The purchase price may be apportioned among the assets to assist in tax planning.

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
  • Miscellaneous Matters
  • Jurisdiction

Warranties covering

  • Assets
  • Stocks
  • Accounts
  • Employees
  • Suppliers and customers
  • Licences, consents and passwords
  • Insurance
  • Statutory restrictions
  • Litigation
  • Seller’s activities
  • Contracts
  • Properties
  • Leasehold properties
  • Intellectual property
  • Internet domain names
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.

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