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About this document
This is a comprehensive agreement for the sale and purchase of a business by an individual, a company or any other organisation.
Note:
- Not suitable for sale of shares in a company. For a company sale, see our Company sale agreements section.
- 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 providing the first draft.
- Warranties have been used only so far as appropriate to the subject matter of the sale. The drafting notes contain a thorough explanation of how warranties work.
- The purchase price may be apportioned among the assets to assist in tax planning.
Contents
- Interpretation
- Agreement for Sale
- The Purchase Price
- Items to be delivered at completion
- Completion
- Stocks
- Debtors
- Creditors and Liabilities
- Value Added Tax
- Warranties by the Seller
- Future Activities
- The Guarantor
- Communications
- Miscellaneous Matters
- Jurisdiction
Warranties covering
- Assets
- Stocks
- Accounts
- Employees
- Suppliers and customers
- Licences, consents and passwords
- Insurance
- Statutory restrictions
- Litigation
- Seller’s activities
- Contracts
- Properties
- Leasehold properties
- 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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