Agreement of Purchase and Sale of Business Assets Template. Agreement on. Sample Business Buy Sell Agreement Template Free Download. Free Sales Agreement Template is available for download. Sales agreement is a document which is prepared after selling goods, products and property. This document is used to highlight the terms and conditions of the goods and services. TidyForm provides a large number of free and hand-picked Purchase Agreement Template, which can be used for small, medium and large-sized enterprises. You can find practical, colorful files in Word, Excel, PowerPoint and PDF formats. Professional Resume Templates. Professional Rent & Lease Templates.
These are the elements that have to be included when writing sales contract:
1. A comprehensive description of the services or goods that are being on sale. You might want to include a separate list which contains this description.
2. The total amount of payment that is due, together with the time and method of payment preferred. If the buyer plans on paying in installments, describe the installment plan.
3. The responsible party for bringing the goods, together with the date of transfer.
4. The person who’s going to be responsible if ever the goods are damaged or lost throughout delivery.
5. Guarantee or warranty information for the services or goods.
6. The duration the buyer needs to examine or estimate the products before taking legal ownership.
7. How that every party has to transport changes or signs related to the agreement.
8. The state or country whose laws would administer the agreement.
9. A section that talks about that legal document that covers the sale and that no other agreements will be binding legally.
10. A section that states that both parties have to approve any additions or changes to the agreement that is stated.
Your Legal Paperwork for Selling a Business
Business Sale Agreement Template Free Download Templates
ExitAdviser provides you with a comprehensive, end-to-end collection of contract templates, form letters, valuation spreadsheets, and checklists for sale. Feel free to download, modify, and use the files online or off-line.
1. Checking the Status
Communication Plan Template
When selling a business, a clear Communication Plan is essential to avoid information to leak out in an uncontrolled and damaging fashion. Use of this template to prepare a professional plan of communication for your business sale.
DownloadView onlineAdvisory and Consulting Agreement
An advisory and consulting contract outlines the scope of the work, payment schedules, and deadlines when hiring an independent consultant or advisor. This sample template includes a confidentiality clause, indemnification clause, insurance expectations, as well as other key provisions designed to get the job done and protect you and your business.
DownloadView onlinePre-Sale Checklist
After you've decided to sell your business, attention to the details that make up your asking price is important. This is an organized list of criteria that are relevant from a potential buyer's standpoint.
DownloadView online2. Preparing for Sale
Business Broker Agreement
This is a complete, well-balanced Business Broker Contract to list a business for sale. The agreement addresses interests of both parties to seal a win-win deal between a business owner and a business broker. Use this template to draft your own agreement.
DownloadView onlineBusiness Valuation Template
This open-source MS Excel worksheet utilizes DCF (Discounted Cash Flow) - a widely accepted method among business appraisers to calculate the value of a profitable company. Use this free spreadsheet template to get a clue about how to price your business.
DownloadView onlineSales Memorandum Template
When selling your business, the Sales Memorandum is a document that owners tend to prepare to introduce the values of their company to potential buyers. It is also known as the Memorandum of Sale.
DownloadView online![Business Sale Agreement Template Free Download Business Sale Agreement Template Free Download](https://www.lawdepot.com/images/sample-documents/Sample-Purchase-of-Business-Agreement.png)
Complete Due Diligence Checklist
This worksheet provides a comprehensive list of terms and conditions that the parties want to consider in the buy-sell agreement and the types of documentation the seller (or buyer) should prepare.
DownloadView onlineDue Diligence Checklist for Selling a Sole Proprietorship
This due diligence checklist serves two purposes: to provide a comprehensive list of possible terms and conditions of the deal and to show the types of documentation the seller should begin preparing for the review.
DownloadView onlineDue Diligence Checklist for Selling a Business
This is a general-purpose checklist of terms and questions that need to be addressed in the course of a Due Diligence; i.e., the process of checking on everything before selling or buying a business.
DownloadView online3. Going to Market
Business for Sale Presentation Template
This is a sample PowerPoint template to help you present your business for sale. It has 7 slides for expressing the key values of the company. Feel free to download it; then update the file and create your very own version.
DownloadView online4. Closing the Deal
Non-Competition Agreement
The purpose of a business-to-business Non-Compete, Non-Solicitation Contract is to restrict the Seller from entering into a business which will compete with the Buyer after the sale, for some period of time thus protecting the Buyer’s post-closing interests.
DownloadView onlineNon-Disclosure Agreement Template
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When selling or buying a business, use a Non-disclosure Agreement (NDA) or Confidentiality Agreement (CA) with buyer prospects to keep control of your proprietary information. It helps you protect your business secrets such as customer data and pricing.
DownloadView onlineLetter of Intent Template to Buy a Sole Proprietorship
If your intention is to buy a sole-proprietor business, then use this template to write your Letter of Intent to the seller. This is also known as an Offer to Purchase a Business or Proposal to Buy a Business.
DownloadView onlineLetter of Intent Template to Buy a Limited Liability Company
When you're negotiating the sale of an LLC, use a Letter of Intent (proposal). The purpose of this document is to facilitate the start of a deal so that the buyer and seller understand the key business and contractual terms involved. LLC means Limited Liability Company.
DownloadView onlineLetter of Intent Template to Purchase a Business
A Letter of Intent is a formal document that is provided by the buyer after an initial period of due diligence has been completed. This forms the basis for a legally binding Business Sale Agreement. Use this template to draft your own letter of intent (proposal) to purchase a business.
DownloadView onlineTerm Sheet Template
A Term Sheet establishes general terms for a buy-sell agreement on a business sale. This is also known as Letter of Intent, Proposal to Buy a Business or Purchase Offer.
DownloadView onlineTerm Sheet Template (Version 2)
A term sheet is a nonbinding agreement setting forth the terms and conditions (15) under which a business sale deal will be made. It serves as a template to develop a more detailed and binding legal contract.
DownloadView onlineBusiness Sale Agreement Template - Sole Proprietorship
When it's time to sell your sole proprietorship or partnership, a Business Sale Agreement sets down the terms of the sale, including the purchase price and the closing details. Use this template to draft your own contract.
DownloadView onlineBusiness Sale Agreement to Selling a Limited Company
When it's time to sell your Limited Liability Company (LLC), a Business Sale Agreement sets down the terms of the deal, such as purchase price, payment terms, and the closing details of the transaction.
DownloadView onlineStock Sale Agreement Template
A Stock Sale Agreement defines the terms of a business sale where the transaction involves the shares (stock) of the company. This includes the purchase price, closing details, payment, and other key terms of the transaction.
DownloadView onlineSale of Business Assets Agreement
What if you want to sell your company's assets but not the whole business as an entity? This is a contract template for the sale of assets, both tangible and intangible, of a company. Included is a non-compete clause.
DownloadView onlineAssignment of Lease
When you sell a business, any existing lease for office space, storage, or shopfront must also change hands. Use this form to prepare an assignment of lease agreement.
DownloadView onlineSeller Financing Agreement Template
In some cases the buyer of a business may not have all the capital required to pay the full purchase price. An option to solve this problem is called Seller Financing (Owner Financing). This is a loan the seller makes to the buyer to facilitate the sale.
DownloadView onlineSecured Promissory Note
Selling a business with seller financing: the Promissory Note is the instrument that lays out the exact terms of a loan including security, repayment, interest rate, and penalties.
DownloadView onlineBill of Sale Template
When closing a business sale, a Bill of Sale is the document that explicitly transfers ownership of the business assets or shares (stock) and acts as a confirmatory receipt for the transaction.
DownloadView onlineAsset Sale Closing Checklist
When closing your business sale, you and the buyer should agree on a closing checklist so you know that all of the bases are covered. The items on an asset sale checklist will vary case by case.
DownloadView onlineEntity Sale Closing Checklist
If you’re selling your LLC or corporation as a business entity, you’ll need to transfer the entity to the buyer at closing. Use this master-checklist as a foundation to compile your own list for closing.
DownloadView onlineAll prices are in U.S. dollars.
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The Rich Text Format (RTF) is a file format that was developed by Microsoft for cross-platform document interchange.
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How to Edit RTF Forms After Download
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- Underlines. Underlines indicate where to enter information. After filling in the needed text, delete the underline. In most word processing applications you can do this by highlighting the underlined portion and typing CTRL-U.
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Disclaimer
Document forms and templates available at ExitAdviser have been prepared for informational purposes only and are not intended to provide, nor should be relied upon for legal advice; no attorney-client relationship is established. You should consult your attorney before engaging in any transaction.