About this document
This is a shorter document to cover the requirements of purchase or sale of a small or home based personal (non-internet) service provider business.
This document has been stripped down to cover the requirements of a simple business with no e-commerce. It does not cover a retailer of goods. It assumes no employees are to be transferred with the sale. However, it does include for VAT and a simple website. These references can be removed easily if not required.
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.
Note:
- Warranties have been used only so far as appropriate to the sale or purchase of business that provides face to face services to consumers
- Designed for the deal to be completed on the same day, not at some future time
- 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 and Liabilities
- Value Added Tax
- Warranties by the Seller
- Future Activities
- Communications
- Miscellaneous Matters
- Jurisdiction
Warranties
- Accounts
- Suppliers and Clients
- Licences, consents and passwords
- Joint ventures and partnerships
- Statutory restrictions
- Litigation
- Seller's activities
- Contracts
- 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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"I was really pleased with my recent experience of using Net Lawman. I was able to obtain important legal documents, needed to support my small business. Net Lawman understood my needs and provided fast and efficient service without incurring the significant costs of a traditional law firm. I would both recommend and use Net lawman again"
Shireen Arthur -
"Easy and fulfilled my needs. The documents are accepted by the other parties solicitors without my waiting for my own solicitors to act. Professional documents, easy to use saved my time and money"
Roy Butterworth -
"Better we buy the latest basic version of what we do for the clients; keeps us up to date and always gives a flying start to our draftsmanship skills."
Wentworths Solicitors