Selling a small online trading business

Use this comprehensive agreement to buy a home based Internet trading business selling goods of any description: no unnecessary verbiage, menu of suitable warranties.
Suitable for use in: England & Wales and Scotland
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
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About this document

This is a shorter document, stripped down to cover the requirements of a buyer of a small or home based online trading business selling good or services (or both) online.

This agreement covers full e-commerce provisions. It assumes no real property and no employees are to be transferred with the sale.

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 making the document his or hers.

Note:

  • Warranties have been used only so far as appropriate to the purchase of small or home based online trading business selling goods or services (or both).
  • 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
  • Explanatory guidance notes in plain English are included

Contents

  • Interpretation
  • Agreement for Sale
  • The Purchase Price
  • Items to be delivered at completion
  • Completion
  • Debtors
  • Creditors and Liabilities
  • Value Added Tax
  • Warranties by the Seller
  • Future Activities
  • The Guarantor
  • Communications
  • Miscellaneous Matters
  • Jurisdiction

Warranties

  • Assets
  • Stocks
  • Accounts
  • Suppliers and customers
  • Licences, consents and passwords
  • Insurance
  • Joint ventures and partnerships
  • Statutory restrictions
  • Litigation
  • Seller's activities
  • Contracts
  • Defective products and service liabilities
  • Intellectual property
  • Internet domain names
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current English law.

 
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