Business transfer agreement

Incorporation of a sole trader or partnership to a company
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Document overview

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
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Compliant with the latest law
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Document properties
  • Length:10 pages (1600 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
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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
Sample business transfer agreementFront cover

Recent reviews

Helpful But Lacking Some Info
15 September 2019
Very easy to use and very well designed service. I would however have liked to get more info regarding the application of the documents before having to buy. The agreement I downloaded was for the sale of a sole prop to a PTY LTD company where the deal was not at arms length - but this only became clear after the doc was downloaded. The doc was ideal for the purpose but could have just as well have been the other way around and that would have been frustrating of note.
Gert Koegelenberg
Review of the South African version
Good
27 May 2019
Good
Jono Rees
Review of the New Zealand version

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