About this document
This is a comprehensive agreement for you to buy any business providing professional services from an individual, a company, or any other organisation.
However, if you are buying the actual company, this agreement is not suitable. 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 making the document his or hers.
Note:
- Warranties have been used only so far as appropriate to purchase of any business providing professional services.
- Designed for the deal to be completed on the same day, not at some future time
- 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
- Suitable provisions for contract to cover transfer of leasehold property as part of the transaction
- Explanatory guidance notes in plain English are included
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
- Indemnity by seller
- The Guarantor
- Communications
- Miscellaneous Matters
- Jurisdiction
Warranties
- Assets
- Stocks
- Accounts
- Employees
- Suppliers and Clients
- Licences, consents and passwords
- Insurance
- Joint ventures and partnerships
- Statutory restrictions
- Litigation
- Seller's activities
- Contracts
- Properties
- Leasehold properties
- Intellectual property
- Internet domain names
- General
This document was written by a solicitor for Net Lawman. It complies with current English law.
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