Free Business Sale Agreement Template: Simplify Your Business Transfer Process
Johnny-lee-Clarke
This document can be used as a formal contract for the sale of a business. It outlines the terms and conditions under which the Seller agrees to sell, and the Buyer agrees to purchase, the specified business. It includes details such as the purchase price, method of payment, transfer of assets, warranties provided by the Seller, conditions precedent for the sale's completion, and stipulations regarding employees. Additionally, the document specifies governing law, procedures for notices, and general provisions such as severability and execution in multiple counterparts. This agreement serves as a binding legal record to ensure both parties fulfill their obligations in the transaction.