Business transfer agreement: sole trader to company
Comprehensive agreement similar to the other business sale
agreements, however, this document provides specifically
for matters which will arise when selling to your own
company
About this document
This is a comprehensive business agreement for the sale of a business by either a company or a limited liability partnership or one or more individuals. If you are looking for company sale agreements, we have them listed on another page within the ‘company’ category.
This business sale agreement is suitable for any individual or company selling or buying a business or enterprise of any type to his own company.
Application
and features
Suitable for any type of business. Any shareholder or prospective shareholder may propose a shareholders' agreement and offer one of these template legal documents as a draft
Extensive use of warranties for good measure although it is unlikely they will be required seeing as you are the buyer and seller
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
Provisions to prevent seller setting up in competition
Suitable provisions for contract to cover transfer of leasehold and freehold property
Explanatory guidance notes in plain English are included
Contents
Terms of the agreement for sale and list of subject matter of sale
Allocation of purchase price, when and how it is to be paid
What happens 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 usual provisions to protect your interest
Word
Count (approximate):
Document: 1600
words
Explanatory notes:
519
words
Draftsman
This is a Net Lawman drawn document. We also offer low cost legal advice. You can learn more and instruct us at Expert Legal Advice.
Business transfer agreement: sole trader to company
