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Business Purchase and Sale Agreement
This Business Purchase and Sale Agreement ("Agreement") is entered into as of , by and between:
Seller:
- Name:
- Address:
Buyer:
- Name:
- Address:
This Agreement is governed by the laws of the State of .
1. Sale of Business
The Seller agrees to sell, and the Buyer agrees to purchase, the business known as located at (the "Business").
2. Purchase Price
The total purchase price for the Business shall be , payable as follows:
- Initial Deposit:
- Balance Due at Closing:
3. Closing
The closing of the transaction will occur on or before at a location agreed upon by both parties.
4. Representations and Warranties
Both parties represent and warrant that:
- They have the full power and authority to enter into this Agreement.
- The execution of this Agreement will not violate any other agreement or obligation.
5. Conditions Precedent
The completion of this Agreement is contingent upon:
- Buyer obtaining financing satisfactory to Buyer.
- Seller providing all necessary documents related to the Business.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of .
7. Miscellaneous
This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
______________________________
Seller's Signature
______________________________
Buyer's Signature
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Similar forms
- Letter of Intent (LOI): This document outlines the preliminary agreement between buyer and seller. It serves as a roadmap for negotiations and includes key terms, such as price and timelines, similar to the Business Purchase and Sale Agreement.
- General Bill of Sale: This document is essential for verifying the transfer of ownership of personal property, ensuring each party's interests are safeguarded in the transaction. For more information, visit pdftemplates.info/general-bill-of-sale-form.
- Asset Purchase Agreement: This agreement focuses specifically on the purchase of individual assets rather than the entire business entity. Like the Business Purchase and Sale Agreement, it details the terms of the sale, including asset valuation and transfer conditions.
- Stock Purchase Agreement: This document is used when a buyer purchases shares of a corporation. It shares similarities with the Business Purchase and Sale Agreement in that it includes terms of sale, representations, and warranties from both parties.
- Confidentiality Agreement (NDA): This agreement protects sensitive information shared during negotiations. While it serves a different purpose, it complements the Business Purchase and Sale Agreement by ensuring that proprietary information remains secure throughout the transaction process.