Business Sale Agreements

Business Sale Agreement

Buying and selling a business can be a complex matter but the basic framework of areas to be considered remains largely the same.

The Agreement will need to contain clauses that deal with the following:

  1. division of price between goodwill, equipment and stock
  2. exclusion of assets retained by the seller
  3. vat
  4. apportionment of outgoings
  5. manner of payment on completion
  6. employees
  7. transfer of any leasing or HP agreements
  8. apportionment of liabilities
  9. warranties
  10. restrictive covenants

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