Other Names: Business Sale Agreement Small Business Purchase Agreement Sale of Business Agreement Purchase of Business Agreement Purchase Agreement for Business Business Sale Contract
A Business Purchase Agreement sets down the terms of a sale when you’re looking to buy or sell a business. Business Purchase Agreements aid in the process of transferring ownership of a business and getting it all in writing. When you want to buy or sell a business, a Business Purchase Agreement, also called a Business Sale Agreement, allows both parties to settle on the terms of the transaction. This includes the purchase price and the closing details of the sale. Both parties will also agree to certain representations and warranties. For example, the seller may need to warrant their business is in good standing with the state. Other provisions include confidentiality and non-compete clauses. Before making this agreement, a buyer and seller may want to complete a Sale of Business Assets Worksheet to get prepared. Start your Business Purchase Agreement with Rocket Lawyer!
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