Internet business sale agreement: with no stock and physical assets
Comprehensive internet business sale agreement with all
standard provisions as well as guidance notes
About this document
This 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?
An individual or company selling or buying a business or enterprise of any type it is most common for the Buyer to provide the legal agreement. However, Sellers gain an advantage by obtaining the agreement first and making the first negotiation steps in their favour.
Application
and features
Suits any type of trade or business
Extensive use of warranties to encourage full disclosure by the seller Note: warranties have been used only so far as appropriate to the subject matter of the sale
Designed for the deal to be completed on the same day, not at some future time
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
Full account taken (for Internet businesses) of intellectual property issues such as domain name transfers and web site hosting
Provisions to inhibit the seller setting up in competition
Terms to cover transfer of leasehold and freehold property (if applicable)
Choose from up to 90 individual warranties where required
Contents
Interpretation
Agreement for Sale
The Purchase Price
Items to be delivered on Completion
Completion
Creditors and Liabilities
Value Added Tax
Warranties by the Seller
Future Activities
Communications
Miscellaneous Matters
Jurisdiction
The Schedule: Warranties
Word
Count (approximate):
Document: 4690
words
Explanatory notes:
1735
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
