Business transfer agreement

Key features


- Length:10 pages (1428 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
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?
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
- 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

Recent reviews
Choose the level of support you need
Document only
Comprehensive template covering legal and practical points
Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
Up to date with latest law our lawyers regularly review how new relevant law affects each document in our library
Written in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
Support from our legal team email us with questions about editing your document
Money back guarantee that if the document isn't right
Lawyer Assist
Comprehensive template covering legal and practical points
Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
Custom workspace - get expert answers fast: a dedicated space for priority expert assistance, keeping you on track.
- Review of your edited document by our legal team including:
- understanding your requirements
- checking that your document will achieve your goal
- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
- reformatting the document ready to sign
Standard
- Allowed downloads from entire Library10
(average document price R440) - Lawyer Assist Service included
(average price R2750) - Custom workspace - get expert answers fast
- Discount on further Lawyer Assist30%
- Priority email support
Professional
- Allowed downloads from entire Library25
(average document price R440) - Lawyer Assist Service included
(average price R2750) - Custom workspace - get expert answers fast
- Discount on further Lawyer Assist40%
- Priority email support
Professional Plus
- Allowed downloads from entire Library25
(average document price R440) - Lawyer Assist Service included2
(average price R2750) - Custom workspace - get expert answers fast
- Discount on further Lawyer Assist40%
- Priority email support
All rights reserved