This is a comprehensive agreement for the sale and purchase of a business by an individual, a company or any other organisation.
Note: not suitable for sale of shares in a company. For a company sale, see Net Lawman company section.
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 providing the first draft.
Warranties have been used only so far as appropriate to the subject matter of the sale. The drafting notes contain a thorough explanation of how warranties work.
The purchase price may be apportioned among the assets to assist in tax planning.
We give you more information about these procedures in the drafting notes that come with each document.
Main Contents
Interpretation
Agreement for Sale
The Purchase Price
Completion
Stocks
Debtors
Creditors and Liabilities
Value Added Tax
Warranties by the Seller
Future Activities
The Guarantor
Communications
Miscellaneous Matters
Jurisdiction
Warranties covering
Assets
Stocks
Accounts
Employees
Suppliers and customers
Licences, consents and passwords
Insurance
Statutory restrictions
Litigation
Seller’s activities
Contracts
Properties
Leasehold properties
Intellectual property
Internet domain names
Draftsman
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