Use our business sale agreement template to create a document that lists the terms of the transaction, the business, and any other assets included in the sale of your business.
What to Know Before Using Our Business Sale Agreement Template
A business sale agreement lays out the basics of the sale such as the purchase price, closing costs, and interest. However, there are a few more important provisions to understand before signing this document:
- Most business sales need to meet certain deadlines for the purchase to make sense for the buyer. Thus, our agreement has a specific provision which states that the purchaser can demand the return of any funds paid should the terms of this business sale agreement not be completed by the scheduled date of sale.
- Listing all assets included in the sale of the business is a key part of the sale. However, a purchaser also needs to understand any debts or legal issues associated with the business. Our template lays these characteristics out. The contract requires the seller to guarantee that there are no outstanding legal issues or undisclosed debts which could affect the business sale.
- Attempting to mitigate conflict, our document lays out how legal issues will be settled. If any issues occur during or after the sale, these disputes must attempt to be resolved through a neutral mediator. If issues cannot be remedied through mediation, they can be taken to court.
Use our business sale agreement template to quickly create a document that protects your party's commercial interests today.