Sale Of Business Agreement Template UK

The Sale Of Business Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, ensuring that you have access to editable and printable versions for your convenience.


Sample

Sale Of Business Agreement Template UK

Editable – Printable



Sale Of Business Agreement Template UK

1. Seller Information


2. Buyer Information


3. Business Details


4. Agreement Details


5. Description of Business Assets

6. Seller’s Obligations

7. Buyer’s Obligations

8. Conditions Precedent

9. Confidentiality Clause

10. Indemnity Clause

11. Termination Conditions

12. Governing Law

13. Signatures and Agreement

14. Declaration and Signatures




PDF


WORD

Examples


Sale Of Business Agreement Template UK (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
Introduction:
This agreement outlines the terms under which the Seller agrees to sell and the Buyer agrees to purchase the business known as [Business Name], located at [Business Address], effective from [Effective Date].
Clause 1: Sale of Business
The Seller hereby sells to the Buyer, and the Buyer hereby purchases from the Seller, the entire business, including but not limited to all assets, inventory, and goodwill associated with [Business Name].
Clause 2: Purchase Price
The total purchase price for the business shall be [Amount], which the Buyer agrees to pay as follows: [Specify payment structure, e.g., deposit, installments, or full payment upon closing].
Clause 3: Due Diligence
The Buyer acknowledges the right to conduct due diligence on the business and shall have [Number of Days] days to complete this process prior to the closing date.
Clause 4: Seller’s Warranties
The Seller warrants that the business is free of any liens or encumbrances, and that all financial statements provided are true and accurate to the best of the Seller’s knowledge.
Clause 5: Closing
The closing of this transaction shall occur on [Closing Date] at [Location], at which point the Buyer will assume control of the business.
Clause 6: Confidentiality
Both parties agree to maintain the confidentiality of all proprietary information exchanged during the negotiation and execution of this agreement.
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Sale Of Business Agreement Template UK (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
Introduction:
This Sale of Business Agreement stipulates the terms and conditions for the sale of [Business Name], which is to be completed by [Effective Date], thus ensuring a smooth transition of ownership.
Clause 1: Description of the Business
The Seller agrees to sell, and the Buyer agrees to purchase, the following: [Describe the business operations, assets, including real estate, equipment, client contracts, and any necessary licenses].
Clause 2: Payment and Terms
The Buyer agrees to pay the Seller a total sum of [Amount], payable as follows: [Outline payment details, including down payment and any payment plans].
Clause 3: Conditions Precedent
This Agreement is contingent upon [List conditions such as financing, legal approvals, or any other necessary steps that need completion before the sale can finalize].
Clause 4: Transition Period
The Seller agrees to assist the Buyer during a transition period of [Number of Months], providing all necessary training and introductions to clients and suppliers.
Clause 5: Indemnity
The Seller agrees to indemnify the Buyer against any claims arising from breaches of warranties or representations made herein.
Clause 6: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

Printable



Sale Of Business Agreement Template UK