Company sale agreement: no real property, cash deal no shares

Note: All Net Lawman company documents have been amended to comply with the Companies legislation.

This document is for selling or buying an entire company.  It is an extremely authoritative document which can be used for high value transactions and for any sort of business. Use the table to select which best suits you. Note that the type of business is generally of low importance. You can use one of these templates to buy a trout hatchery or an architect’s practice.

This document is suitable for:

• Any individual or company selling or buying a company or a proportion of the shares in a company.  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 making the document his and thereby obtaining the advantage of preliminary editing in his favour

• A seller of a company wanting tips and hints as to what is fair and reasonable in a document comparable to the one now presented to him by the buyer or his solicitors

We also have document for specific business types, carried on by a company, share sales agreements (for the sale or purchase of only some of the shares, not all of them), and business sale agreements (suitable where you are selling or buying not shares in a company but just the business as a going concern).  Alternative documents are linked right.

A word about warranties: Warranties protect the interest of the buyer, who does not have the information available to the seller.  It is fair and reasonable for a buyer to demand warranties and for a seller to give them.  However, it is quite easy for a buyer to use warranties to “improve” his original deal. So, if you are a seller . . . . do not give a warranty if you do not know whether it is true, but do be prepared to “go and find out” information that could be within your knowledge.

150 warranties sounds an awful lot.  Do you really need them?  Will you understand them?  Net Lawman advises: absolutely yes and absolutely yes!  Our warranties are written in plain English.  A seller should start with a full set unless he is sure he knows everything there is to know about his proposed acquisition, or the value is very small, or the company is not trading.

Net Lawman document templates offer around 150 “full” warranties, or a reduced set of around 115.  Either way, around 30 cover real property, so if your company has none, the number comes down.