Description
The Business Sale Agreement: Key to a smooth transition
- The sale or purchase of a business is a contract between the seller of a business - sometimes also referred to as goodwill in popular parlance - and the buyer of that business.
- A well-drafted business sale contract is essential to formalize the agreement between the parties and ensure a smooth transition of business operations.
- The sale or purchase of a business establishes the various agreements and terms agreed between the parties, including financial aspects, transfers of ownership, and specific conditions related to the transaction. Terms include, for example, payment conditions, guarantees provided by the seller, and the obligations of each party after the sale.
- If the sale of a business includes real estate, a separate deed of sale is required, since the sale of real estate requires a notarial deed.
- This document is designed to meet the specific needs of entrepreneurs who wish to formalize the sale of their business while minimizing the risk of post-transaction disputes.
- The sale of business document available on this site contains the main clauses mentioned in the " Summary " tab.
- It is a document that will meet your needs for the majority of business sales. To obtain additional legal information for the acquisition and sale of a business, we invite you to consult our frequently asked legal questions .
Other services offered
Summary
Summary of clauses available for the preparation of your agreement for sale of business.
- Identification of the parties
- Sale
- Consideration
- Price
- Breakdown of the sale price
- Adjustments
- Statements relating to taxes
- Declarations of the buyer
- Capacity
- Assets/Property
- Residence
- Declarations of the seller
- Capacity
- Assets/Property
- Human resources
- Financial management
- Permit
- Disputes
- Obligations of the buyer
- Obligations of the seller
- Transition
- Delivery
- Non-competition (optional)
- Non-solicitation of customers (optional)
- Non-solicitation of personnel (optional)
- Stocktaking
- Compensation
- Layoff
- Additional clause (The parties may add customized clauses)
- Closing formalities
Price
| Contract for the Sale/Purchase of a Business - Sale of a Business | $245 |
Available options
| For the intervention of a third-party as buyer's guarantor | Included |
| To add a non-compete clause | Included |
| To add a non-solicitation of customers clause | Included |
| To add a non-solicitation of personnel clause | Included |
| To add all contractual terms relating to a balance of sale price to be eventually paid by the buyer directly to the seller himself. | Included |
| To obtain the extract of resolution of the seller which is a corporation with the consent of shareholders, where applicable. | Included |
| To obtain the extract of resolution of the buyer which is a corporation | Included |
|
Questionnaires review with a member of our legal team No discount or credit is applicable to this option. |
$95 |
