Business Sale Agreement

Purpose: This Business Sale Agreement outlines the terms and conditions under which the ownership of a business is transferred from the seller to the buyer. It serves as a legally binding document to ensure clarity, responsibilities, and mutual understanding between both parties.

1. Parties

This Business Sale Agreement ("Agreement") is made and entered into on {agreementDate}, by and between:

• Seller: {sellerName}, located at {sellerAddress}
• Buyer: {buyerName}, located at {buyerAddress}

2. Business Details

The Seller agrees to sell, and the Buyer agrees to purchase, the following business:

• Business Name: {businessName}
• Business Address: {businessAddress}
• Description of Business: {businessDescription}

3. Purchase Price and Payment

Total Purchase Price: {purchasePrice}

Payment Method: {paymentMethod}

Installment Schedule

4. Assets Included in the Sale

The following assets are included in the sale:

{#includedAssets}

• {asset}

{/includedAssets}

5. Liabilities and Debts

{^assumesLiabilities}The Buyer does not assume any liabilities or debts of the business prior to the transfer date.{/assumesLiabilities}

{#assumesLiabilities}The Buyer agrees to assume specific liabilities as outlined below:

• {liabilityDescription}

{/assumesLiabilities}

6. Closing Date

The closing of the purchase and sale will take place on {closingDate}.

7. Conditions Precedent

Closing is subject to the following conditions being fulfilled:

{#conditions}

1. {condition}

{/conditions}

8. Confidentiality

Both parties agree to keep this Agreement and any proprietary business information confidential and not disclose it to any third party without mutual written consent.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {governingLaw}.

10. Signatures

The undersigned parties agree to the terms and conditions above and execute this Agreement on {executionDate}.