Sale agreement

Trading or retail business
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Document overview

Full version business purchase agreement template for a wholesale or retail business, many options Inc e-commerce and contracts for freehold or leasehold property.
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  • Length:27 pages (8100 words)
  • Available in:
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About this document

This is a comprehensive agreement for the purchase/sale 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 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.

Complications arise if the purchase money is not paid over to the seller at the same moment as other matters are finalised. This and other Net Lawman documents assume that most matters will be completed when the cash is paid. There are a few inevitable exceptions, particularly when relying on a third party such as a web host or domain name registrar. If it is inevitable that some matters remain to be done later than the date of completion, you should use our drafting service to draw the fine points for you.

The purchase price may be apportioned among the assets to assist in tax planning.

As a buyer, you will probably be buying the property or at least taking over a lease. Many of these agreements include a transfer of a lease and / or an agreement to buy a freehold.

We give you more information about these procedures in the drafting notes that come with each document.

Contents

  • Interpretation
  • Agreement for Sale
  • The Purchase Price
  • Items to be delivered at completion
  • Completion
  • Stocks
  • Debtors
  • Creditors and Liabilities
  • Value Added 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
  • Joint ventures and partnerships
  • Statutory restrictions
  • Litigation
  • Seller’s activities
  • Contracts
  • Defective products and service liabilities
  • Properties
  • Leasehold properties
  • Freehold properties
  • Intellectual property
  • Internet domain names
Sample sale agreementFront cover

Recent reviews

Great Service
10 March 2015
Very pleased. It seems to cover everything we need and I particularly like the comments at the back warranties etc - a nice human touch. Thankyou
Nicki Smith
Review of the United Kingdom version
Pretty Good
29 November 2013
Overall the doc was pretty good. Very easy to use - I recommend this document to others no worries.
Philip Henderson
Review of the Australian version
Perfect
24 April 2013
Just what I wanted in a sale agreed document
Wendy Grove
Review of the United Kingdom version
Read all 4 reviews

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