Business Purchase Agreement
Parties:
This Business Purchase Agreement (the "Agreement") is made and entered into on [Date], by and between:
[Your Name], hereinafter referred to as the "Buyer", with an address at [Your Address],
and
[Seller's Name], hereinafter referred to as the "Seller", with an address at [Seller's Address].
Background:
The Seller is engaged in the operation of [Describe the Business], located at [Business Address]. The Buyer desires to purchase the business and assets of the Seller, and the Seller desires to sell such business and assets to the Buyer, all on the terms and conditions hereinafter set forth.
Agreement:
1. Purchase and Sale of Business:
Subject to the terms and conditions of this Agreement, the Seller agrees to sell, transfer, convey, and deliver to the Buyer, and the Buyer agrees to purchase and acquire from the Seller, all of the Seller's right, title, and interest in and to the business known as [Business Name], including all assets, tangible and intangible, owned or used in connection with the operation of such business, including but not limited to:
- Inventory,
- Equipment,
- Contracts,
- Licenses,
- Intellectual property,
- Goodwill, and
- Any other assets as listed in Schedule A attached hereto.
2. Purchase Price:
The purchase price for the business and assets sold pursuant to this Agreement is $[Purchase Price] (the "Purchase Price").
3. Payment:
The Purchase Price shall be paid as follows:
- $[Amount] upon the execution of this Agreement;
- $[Amount] at the closing of the transaction; and
- $[Amount] as [Describe the terms of any additional payments, if applicable].
4. Closing:
The closing of the transaction contemplated by this Agreement (the "Closing") shall take place on [Closing Date], at a time and place mutually agreed upon by the parties.
5. Representations and Warranties:
The Seller represents and warrants to the Buyer that:
- The Seller has good and marketable title to all of the assets being sold pursuant to this Agreement,
- The Seller has full power and authority to sell, transfer, convey, and deliver the assets being sold pursuant to this Agreement,
- The Seller has not entered into any agreement with any third party that would conflict with the provisions of this Agreement,
- There are no actions, suits, or proceedings pending or, to the Seller's knowledge, threatened against or affecting the Seller that would materially affect the Seller's ability to perform its obligations under this Agreement.
6. Indemnification:
The Seller agrees to indemnify and hold harmless the Buyer from and against any and all claims, damages, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of or resulting from any breach of any representation or warranty made by the Seller in this Agreement.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
8. Entire Agreement:
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Buyer's Name]
[Buyer's Signature]
[Date]
[Seller's Name]
[Seller's Signature]
[Date]
Partnership Business Purchase Agreement
Date: [Insert Date]
This Partnership Business Purchase Agreement ("Agreement") is made and entered into on [Insert Date], by and between:
[Name of Seller], located at [Address of Seller], ("Seller"), and
[Name of Buyer], located at [Address of Buyer], ("Buyer").
1. Sale of Partnership Business:
Seller agrees to sell, transfer, and convey to Buyer, and Buyer agrees to purchase from Seller, all of Seller's right, title, and interest in and to the partnership business known as [Name of Partnership Business] (the "Business"), including all assets, goodwill, and rights associated with the Business, as a going concern.
2. Purchase Price:
The total purchase price for the Business shall be [Insert Purchase Price in Words] Dollars ($[Insert Purchase Price in Numbers]), payable as follows:
- A deposit of [Insert Deposit Amount in Words] Dollars ($[Insert Deposit Amount in Numbers]) to be paid upon execution of this Agreement.
- The balance of [Insert Balance Amount in Words] Dollars ($[Insert Balance Amount in Numbers]) to be paid on or before the Closing Date (defined below).
3. Closing Date:
The closing of the purchase and sale of the Business (the "Closing") shall take place on [Insert Closing Date] (the "Closing Date").
4. Assets:
The Business assets being sold include, but are not limited to:
- [List of Assets to be transferred]
5. Liabilities:
Buyer agrees to assume and pay when due, all liabilities and obligations of the Business arising after the Closing Date.
6. Non-Competition:
Seller agrees not to compete with the Business, directly or indirectly, for a period of [Insert Non-Competition Period] years within a [Insert Non-Competition Radius] mile radius of the Business location.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Insert State/Country].
8. Entire Agreement:
This Agreement contains the entire agreement between the parties and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, between the parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Name of Seller]
By: _______________________
[Name of Buyer]
By: _______________________
==================================================================
Business Purchase Agreement
This Business Purchase Agreement (the "Agreement") is made and entered into as of [Date], by and between:
[Your Name or the Name of Purchasing Entity], with a principal place of business at [Your Address] ("Buyer"),
and
[Name of Seller], with a principal place of business at [Seller's Address] ("Seller").
1. Sale of Business.
- Seller agrees to sell, transfer, convey, and deliver to Buyer, and Buyer agrees to purchase from Seller, the business known as [Name of Business], including all assets, properties, rights, goodwill, and interests related to the business, as a going concern (the "Business").
2. Purchase Price.
- The purchase price for the Business shall be [Amount in Words] Dollars ($[Amount in Numbers]), payable as follows:
- [Insert payment terms, such as lump sum payment, installment payments, or any other agreed-upon arrangement].
3. Closing Date.
- The closing of the purchase and sale of the Business (the "Closing") shall take place on or before [Closing Date], or at such other time and place as the parties may mutually agree.
4. Representations and Warranties of Seller.
- Seller represents and warrants to Buyer that:
- a. Seller has good and marketable title to the Business, free and clear of all liens, claims, encumbrances, and security interests.
- b. Seller has full power and authority to sell the Business to Buyer.
- c. The execution, delivery, and performance of this Agreement by Seller have been duly authorized by all necessary corporate action.
- d. To Seller's knowledge, there is no claim, action, suit, proceeding, or investigation pending or threatened against Seller that would materially affect the Business.
5. Representations and Warranties of Buyer.
- Buyer represents and warrants to Seller that:
- a. Buyer has full power and authority to enter into and perform this Agreement.
- b. The execution, delivery, and performance of this Agreement by Buyer have been duly authorized by all necessary corporate action.
- c. Buyer has sufficient funds to complete the purchase of the Business.
6. Closing Conditions.
- The obligations of Buyer and Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing, of the following conditions:
- a. Each party's representations and warranties shall be true and correct in all material respects as of the Closing.
- b. Each party shall have performed and complied with all agreements, obligations, and conditions required by this Agreement to be performed or complied with by it at or prior to the Closing.
7. Confidentiality.
- Both parties agree to keep the terms and conditions of this Agreement confidential, except as required by law.
8. Governing Law.
- This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
9. Entire Agreement.
- This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
10. Counterparts.
- This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Business Purchase Agreement as of the date first above written.
[Your Name or the Name of Purchasing Entity]
By: ____________________________
Name: _________________________
Title: __________________________
[Name of Seller]
By: ____________________________
Name: _________________________
Title: __________________________
==================================================================
An LLC business purchase agreement template is a document that outlines the terms and conditions of buying or selling a Limited Liability Company (LLC). Here's a basic template you can use as a starting point:LLC Business Purchase Agreement Template
Parties:- Seller: [Name and address of the seller]
- Buyer: [Name and address of the buyer]
LLC Information:- Company Name: [Name of the LLC]
- LLC Address: [Address of the LLC]
Purchase Details:- Purchase Price: [Amount of the purchase price]
- Payment Terms: [Description of payment terms, e.g. cash, financing, etc.]
Assets Included:- Assets: [List of assets included in the sale, e.g. property, equipment, inventory, etc.]
Liabilities Included:- Liabilities: [List of liabilities included in the sale, e.g. debts, loans, etc.]
Closing:- Closing Date: [Date of the closing]
- Closing Location: [Location of the closing]
Representations and Warranties:- Seller's Representations: [List of seller's representations, e.g. good standing, no lawsuits, etc.]
- Buyer's Representations: [List of buyer's representations, e.g. financial capability, etc.]
Indemnification:- Seller's Indemnification: [Description of seller's indemnification obligations]
- Buyer's Indemnification: [Description of buyer's indemnification obligations]
Governing Law:- Governing Law: [State or country whose laws will govern the agreement]
Dispute Resolution:- Dispute Resolution: [Description of dispute resolution process, e.g. mediation, arbitration, etc.]
Entire Agreement:- Entire Agreement: [Statement indicating that this agreement constitutes the entire understanding of the parties]
Amendments:- Amendments: [Description of process for amending the agreement]
Signatures:- Seller's Signature: [Signature of the seller]
- Buyer's Signature: [Signature of the buyer]
Date: [Date of signing]Note that this is just a basic template and you should consult with a legal professional to ensure that it meets all the necessary legal requirements and accurately reflects the terms of your specific transaction.Also, please note that I'm a large language model, I am not a lawyer, and this template should not be considered legal advice
==================================================================
Purchase and Sale Agreement
This Purchase and Sale Agreement (the "Agreement") is made and entered into on [insert date] (the "Effective Date") by and between:
Seller's Name and Address
(“Seller”)
Buyer's Name and Address
(“Buyer”)
1. SALE AND PURCHASE OF BUSINESS
Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the business known as [insert business name] (the "Business") located at [insert business address].
2. PURCHASE PRICE
The purchase price for the Business shall be [insert purchase price] (the "Purchase Price").
3. TERMS OF PAYMENT
The Purchase Price shall be paid in the following manner: [insert terms of payment, e.g., cash, installments, etc.].
4. ASSETS INCLUDED
The sale of the Business shall include the following assets: [insert list of assets, e.g., equipment, inventory, property, etc.].
5. LIABILITIES ASSUMED
Buyer shall assume the following liabilities of the Business: [insert list of liabilities, e.g., debts, contracts, etc.].
6. CONDITIONS PRECEDENT
The closing of the transaction shall be subject to the following conditions precedent: [insert conditions, e.g., due diligence, financing, etc.].
7. CLOSING
The closing of the transaction shall take place on [insert date] at [insert location].
8. DEFAULT
In the event of default by either party, the other party may pursue all available legal remedies.
9. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [insert governing law].
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
By signing below, the parties acknowledge that they have read, understand, and agree to be bound by the terms and conditions of this Agreement.
SELLER:
[Insert signature]
[Insert name]
BUYER:
[Insert signature]
[Insert name]
Please note that this is a basic template and should be reviewed and customized according to your specific needs and circumstances. It's also recommended to have a legal professional review the agreement before signing.
Business Purchase Agreement
Parties:
This Business Purchase Agreement (the "Agreement") is made and entered into on [Date], by and between:
[Your Name], hereinafter referred to as the "Buyer", with an address at [Your Address],
and
[Seller's Name], hereinafter referred to as the "Seller", with an address at [Seller's Address].
Background:
The Seller is engaged in the operation of [Describe the Business], located at [Business Address]. The Buyer desires to purchase the business and assets of the Seller, and the Seller desires to sell such business and assets to the Buyer, all on the terms and conditions hereinafter set forth.
Agreement:
1. Purchase and Sale of Business:
Subject to the terms and conditions of this Agreement, the Seller agrees to sell, transfer, convey, and deliver to the Buyer, and the Buyer agrees to purchase and acquire from the Seller, all of the Seller's right, title, and interest in and to the business known as [Business Name], including all assets, tangible and intangible, owned or used in connection with the operation of such business, including but not limited to:
- Inventory,
- Equipment,
- Contracts,
- Licenses,
- Intellectual property,
- Goodwill, and
- Any other assets as listed in Schedule A attached hereto.
2. Purchase Price:
The purchase price for the business and assets sold pursuant to this Agreement is $[Purchase Price] (the "Purchase Price").
3. Payment:
The Purchase Price shall be paid as follows:
- $[Amount] upon the execution of this Agreement;
- $[Amount] at the closing of the transaction; and
- $[Amount] as [Describe the terms of any additional payments, if applicable].
4. Closing:
The closing of the transaction contemplated by this Agreement (the "Closing") shall take place on [Closing Date], at a time and place mutually agreed upon by the parties.
5. Representations and Warranties:
The Seller represents and warrants to the Buyer that:
- The Seller has good and marketable title to all of the assets being sold pursuant to this Agreement,
- The Seller has full power and authority to sell, transfer, convey, and deliver the assets being sold pursuant to this Agreement,
- The Seller has not entered into any agreement with any third party that would conflict with the provisions of this Agreement,
- There are no actions, suits, or proceedings pending or, to the Seller's knowledge, threatened against or affecting the Seller that would materially affect the Seller's ability to perform its obligations under this Agreement.
6. Indemnification:
The Seller agrees to indemnify and hold harmless the Buyer from and against any and all claims, damages, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of or resulting from any breach of any representation or warranty made by the Seller in this Agreement.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
8. Entire Agreement:
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Buyer's Name]
[Buyer's Signature]
[Date]
[Seller's Name]
[Seller's Signature]
[Date]
Partnership Business Purchase Agreement
Date: [Insert Date]
This Partnership Business Purchase Agreement ("Agreement") is made and entered into on [Insert Date], by and between:
[Name of Seller], located at [Address of Seller], ("Seller"), and
[Name of Buyer], located at [Address of Buyer], ("Buyer").
1. Sale of Partnership Business:
Seller agrees to sell, transfer, and convey to Buyer, and Buyer agrees to purchase from Seller, all of Seller's right, title, and interest in and to the partnership business known as [Name of Partnership Business] (the "Business"), including all assets, goodwill, and rights associated with the Business, as a going concern.
2. Purchase Price:
The total purchase price for the Business shall be [Insert Purchase Price in Words] Dollars ($[Insert Purchase Price in Numbers]), payable as follows:
- A deposit of [Insert Deposit Amount in Words] Dollars ($[Insert Deposit Amount in Numbers]) to be paid upon execution of this Agreement.
- The balance of [Insert Balance Amount in Words] Dollars ($[Insert Balance Amount in Numbers]) to be paid on or before the Closing Date (defined below).
3. Closing Date:
The closing of the purchase and sale of the Business (the "Closing") shall take place on [Insert Closing Date] (the "Closing Date").
4. Assets:
The Business assets being sold include, but are not limited to:
- [List of Assets to be transferred]
5. Liabilities:
Buyer agrees to assume and pay when due, all liabilities and obligations of the Business arising after the Closing Date.
6. Non-Competition:
Seller agrees not to compete with the Business, directly or indirectly, for a period of [Insert Non-Competition Period] years within a [Insert Non-Competition Radius] mile radius of the Business location.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Insert State/Country].
8. Entire Agreement:
This Agreement contains the entire agreement between the parties and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, between the parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Name of Seller]
By: _______________________
[Name of Buyer]
By: _______________________
==================================================================
Business Purchase Agreement
This Business Purchase Agreement (the "Agreement") is made and entered into as of [Date], by and between:
[Your Name or the Name of Purchasing Entity], with a principal place of business at [Your Address] ("Buyer"),
and
[Name of Seller], with a principal place of business at [Seller's Address] ("Seller").
1. Sale of Business.
- Seller agrees to sell, transfer, convey, and deliver to Buyer, and Buyer agrees to purchase from Seller, the business known as [Name of Business], including all assets, properties, rights, goodwill, and interests related to the business, as a going concern (the "Business").
2. Purchase Price.
- The purchase price for the Business shall be [Amount in Words] Dollars ($[Amount in Numbers]), payable as follows:
- [Insert payment terms, such as lump sum payment, installment payments, or any other agreed-upon arrangement].
3. Closing Date.
- The closing of the purchase and sale of the Business (the "Closing") shall take place on or before [Closing Date], or at such other time and place as the parties may mutually agree.
4. Representations and Warranties of Seller.
- Seller represents and warrants to Buyer that:
- a. Seller has good and marketable title to the Business, free and clear of all liens, claims, encumbrances, and security interests.
- b. Seller has full power and authority to sell the Business to Buyer.
- c. The execution, delivery, and performance of this Agreement by Seller have been duly authorized by all necessary corporate action.
- d. To Seller's knowledge, there is no claim, action, suit, proceeding, or investigation pending or threatened against Seller that would materially affect the Business.
5. Representations and Warranties of Buyer.
- Buyer represents and warrants to Seller that:
- a. Buyer has full power and authority to enter into and perform this Agreement.
- b. The execution, delivery, and performance of this Agreement by Buyer have been duly authorized by all necessary corporate action.
- c. Buyer has sufficient funds to complete the purchase of the Business.
6. Closing Conditions.
- The obligations of Buyer and Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing, of the following conditions:
- a. Each party's representations and warranties shall be true and correct in all material respects as of the Closing.
- b. Each party shall have performed and complied with all agreements, obligations, and conditions required by this Agreement to be performed or complied with by it at or prior to the Closing.
7. Confidentiality.
- Both parties agree to keep the terms and conditions of this Agreement confidential, except as required by law.
8. Governing Law.
- This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
9. Entire Agreement.
- This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
10. Counterparts.
- This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Business Purchase Agreement as of the date first above written.
[Your Name or the Name of Purchasing Entity]
By: ____________________________
Name: _________________________
Title: __________________________
[Name of Seller]
By: ____________________________
Name: _________________________
Title: __________________________
==================================================================
An LLC business purchase agreement template is a document that outlines the terms and conditions of buying or selling a Limited Liability Company (LLC). Here's a basic template you can use as a starting point:LLC Business Purchase Agreement Template
Parties:- Seller: [Name and address of the seller]
- Buyer: [Name and address of the buyer]
LLC Information:- Company Name: [Name of the LLC]
- LLC Address: [Address of the LLC]
Purchase Details:- Purchase Price: [Amount of the purchase price]
- Payment Terms: [Description of payment terms, e.g. cash, financing, etc.]
Assets Included:- Assets: [List of assets included in the sale, e.g. property, equipment, inventory, etc.]
Liabilities Included:- Liabilities: [List of liabilities included in the sale, e.g. debts, loans, etc.]
Closing:- Closing Date: [Date of the closing]
- Closing Location: [Location of the closing]
Representations and Warranties:- Seller's Representations: [List of seller's representations, e.g. good standing, no lawsuits, etc.]
- Buyer's Representations: [List of buyer's representations, e.g. financial capability, etc.]
Indemnification:- Seller's Indemnification: [Description of seller's indemnification obligations]
- Buyer's Indemnification: [Description of buyer's indemnification obligations]
Governing Law:- Governing Law: [State or country whose laws will govern the agreement]
Dispute Resolution:- Dispute Resolution: [Description of dispute resolution process, e.g. mediation, arbitration, etc.]
Entire Agreement:- Entire Agreement: [Statement indicating that this agreement constitutes the entire understanding of the parties]
Amendments:- Amendments: [Description of process for amending the agreement]
Signatures:- Seller's Signature: [Signature of the seller]
- Buyer's Signature: [Signature of the buyer]
Date: [Date of signing]Note that this is just a basic template and you should consult with a legal professional to ensure that it meets all the necessary legal requirements and accurately reflects the terms of your specific transaction.Also, please note that I'm a large language model, I am not a lawyer, and this template should not be considered legal advice
==================================================================
Purchase and Sale Agreement
This Purchase and Sale Agreement (the "Agreement") is made and entered into on [insert date] (the "Effective Date") by and between:
Seller's Name and Address
(“Seller”)
Buyer's Name and Address
(“Buyer”)
1. SALE AND PURCHASE OF BUSINESS
Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the business known as [insert business name] (the "Business") located at [insert business address].
2. PURCHASE PRICE
The purchase price for the Business shall be [insert purchase price] (the "Purchase Price").
3. TERMS OF PAYMENT
The Purchase Price shall be paid in the following manner: [insert terms of payment, e.g., cash, installments, etc.].
4. ASSETS INCLUDED
The sale of the Business shall include the following assets: [insert list of assets, e.g., equipment, inventory, property, etc.].
5. LIABILITIES ASSUMED
Buyer shall assume the following liabilities of the Business: [insert list of liabilities, e.g., debts, contracts, etc.].
6. CONDITIONS PRECEDENT
The closing of the transaction shall be subject to the following conditions precedent: [insert conditions, e.g., due diligence, financing, etc.].
7. CLOSING
The closing of the transaction shall take place on [insert date] at [insert location].
8. DEFAULT
In the event of default by either party, the other party may pursue all available legal remedies.
9. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [insert governing law].
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
By signing below, the parties acknowledge that they have read, understand, and agree to be bound by the terms and conditions of this Agreement.
SELLER:
[Insert signature]
[Insert name]
BUYER:
[Insert signature]
[Insert name]
Please note that this is a basic template and should be reviewed and customized according to your specific needs and circumstances. It's also recommended to have a legal professional review the agreement before signing.
Business Purchase Agreement
Parties:
This Business Purchase Agreement (the "Agreement") is made and entered into on [Date], by and between:
[Your Name], hereinafter referred to as the "Buyer", with an address at [Your Address],
and
[Seller's Name], hereinafter referred to as the "Seller", with an address at [Seller's Address].
Background:
The Seller is engaged in the operation of [Describe the Business], located at [Business Address]. The Buyer desires to purchase the business and assets of the Seller, and the Seller desires to sell such business and assets to the Buyer, all on the terms and conditions hereinafter set forth.
Agreement:
1. Purchase and Sale of Business:
Subject to the terms and conditions of this Agreement, the Seller agrees to sell, transfer, convey, and deliver to the Buyer, and the Buyer agrees to purchase and acquire from the Seller, all of the Seller's right, title, and interest in and to the business known as [Business Name], including all assets, tangible and intangible, owned or used in connection with the operation of such business, including but not limited to:
- Inventory,
- Equipment,
- Contracts,
- Licenses,
- Intellectual property,
- Goodwill, and
- Any other assets as listed in Schedule A attached hereto.
2. Purchase Price:
The purchase price for the business and assets sold pursuant to this Agreement is $[Purchase Price] (the "Purchase Price").
3. Payment:
The Purchase Price shall be paid as follows:
- $[Amount] upon the execution of this Agreement;
- $[Amount] at the closing of the transaction; and
- $[Amount] as [Describe the terms of any additional payments, if applicable].
4. Closing:
The closing of the transaction contemplated by this Agreement (the "Closing") shall take place on [Closing Date], at a time and place mutually agreed upon by the parties.
5. Representations and Warranties:
The Seller represents and warrants to the Buyer that:
- The Seller has good and marketable title to all of the assets being sold pursuant to this Agreement,
- The Seller has full power and authority to sell, transfer, convey, and deliver the assets being sold pursuant to this Agreement,
- The Seller has not entered into any agreement with any third party that would conflict with the provisions of this Agreement,
- There are no actions, suits, or proceedings pending or, to the Seller's knowledge, threatened against or affecting the Seller that would materially affect the Seller's ability to perform its obligations under this Agreement.
6. Indemnification:
The Seller agrees to indemnify and hold harmless the Buyer from and against any and all claims, damages, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of or resulting from any breach of any representation or warranty made by the Seller in this Agreement.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
8. Entire Agreement:
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Buyer's Name]
[Buyer's Signature]
[Date]
[Seller's Name]
[Seller's Signature]
[Date]
Partnership Business Purchase Agreement
Date: [Insert Date]
This Partnership Business Purchase Agreement ("Agreement") is made and entered into on [Insert Date], by and between:
[Name of Seller], located at [Address of Seller], ("Seller"), and [Name of Buyer], located at [Address of Buyer], ("Buyer").
1. Sale of Partnership Business:
Seller agrees to sell, transfer, and convey to Buyer, and Buyer agrees to purchase from Seller, all of Seller's right, title, and interest in and to the partnership business known as [Name of Partnership Business] (the "Business"), including all assets, goodwill, and rights associated with the Business, as a going concern.
2. Purchase Price:
The total purchase price for the Business shall be [Insert Purchase Price in Words] Dollars ($[Insert Purchase Price in Numbers]), payable as follows:
- A deposit of [Insert Deposit Amount in Words] Dollars ($[Insert Deposit Amount in Numbers]) to be paid upon execution of this Agreement.
- The balance of [Insert Balance Amount in Words] Dollars ($[Insert Balance Amount in Numbers]) to be paid on or before the Closing Date (defined below).
3. Closing Date:
The closing of the purchase and sale of the Business (the "Closing") shall take place on [Insert Closing Date] (the "Closing Date").
4. Assets:
The Business assets being sold include, but are not limited to:
- [List of Assets to be transferred]
5. Liabilities:
Buyer agrees to assume and pay when due, all liabilities and obligations of the Business arising after the Closing Date.
6. Non-Competition:
Seller agrees not to compete with the Business, directly or indirectly, for a period of [Insert Non-Competition Period] years within a [Insert Non-Competition Radius] mile radius of the Business location.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Insert State/Country].
8. Entire Agreement:
This Agreement contains the entire agreement between the parties and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, between the parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Name of Seller]
By: _______________________
[Name of Buyer]
By: _______________________
Business Purchase Agreement
This Business Purchase Agreement (the "Agreement") is made and entered into as of [Date], by and between:
[Your Name or the Name of Purchasing Entity], with a principal place of business at [Your Address] ("Buyer"),
and
[Name of Seller], with a principal place of business at [Seller's Address] ("Seller").
1. Sale of Business.
- Seller agrees to sell, transfer, convey, and deliver to Buyer, and Buyer agrees to purchase from Seller, the business known as [Name of Business], including all assets, properties, rights, goodwill, and interests related to the business, as a going concern (the "Business").
2. Purchase Price.
- The purchase price for the Business shall be [Amount in Words] Dollars ($[Amount in Numbers]), payable as follows:
- [Insert payment terms, such as lump sum payment, installment payments, or any other agreed-upon arrangement].
3. Closing Date.
- The closing of the purchase and sale of the Business (the "Closing") shall take place on or before [Closing Date], or at such other time and place as the parties may mutually agree.
4. Representations and Warranties of Seller.
- Seller represents and warrants to Buyer that:
- a. Seller has good and marketable title to the Business, free and clear of all liens, claims, encumbrances, and security interests.
- b. Seller has full power and authority to sell the Business to Buyer.
- c. The execution, delivery, and performance of this Agreement by Seller have been duly authorized by all necessary corporate action.
- d. To Seller's knowledge, there is no claim, action, suit, proceeding, or investigation pending or threatened against Seller that would materially affect the Business.
5. Representations and Warranties of Buyer.
- Buyer represents and warrants to Seller that:
- a. Buyer has full power and authority to enter into and perform this Agreement.
- b. The execution, delivery, and performance of this Agreement by Buyer have been duly authorized by all necessary corporate action.
- c. Buyer has sufficient funds to complete the purchase of the Business.
6. Closing Conditions.
- The obligations of Buyer and Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing, of the following conditions:
- a. Each party's representations and warranties shall be true and correct in all material respects as of the Closing.
- b. Each party shall have performed and complied with all agreements, obligations, and conditions required by this Agreement to be performed or complied with by it at or prior to the Closing.
7. Confidentiality.
- Both parties agree to keep the terms and conditions of this Agreement confidential, except as required by law.
8. Governing Law.
- This Agreement shall be governed by and construed in accordance with the laws of [Your State/Country].
9. Entire Agreement.
- This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
10. Counterparts.
- This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Business Purchase Agreement as of the date first above written.
[Your Name or the Name of Purchasing Entity]
By: ____________________________
Name: _________________________
Title: __________________________
[Name of Seller]
By: ____________________________
Name: _________________________
Title: __________________________
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An LLC business purchase agreement template is a document that outlines the terms and conditions of buying or selling a Limited Liability Company (LLC). Here's a basic template you can use as a starting point:
LLC Business Purchase Agreement Template
- Seller: [Name and address of the seller]
- Buyer: [Name and address of the buyer]
- Company Name: [Name of the LLC]
- LLC Address: [Address of the LLC]
- Purchase Price: [Amount of the purchase price]
- Payment Terms: [Description of payment terms, e.g. cash, financing, etc.]
- Assets: [List of assets included in the sale, e.g. property, equipment, inventory, etc.]
- Liabilities: [List of liabilities included in the sale, e.g. debts, loans, etc.]
- Closing Date: [Date of the closing]
- Closing Location: [Location of the closing]
- Seller's Representations: [List of seller's representations, e.g. good standing, no lawsuits, etc.]
- Buyer's Representations: [List of buyer's representations, e.g. financial capability, etc.]
- Seller's Indemnification: [Description of seller's indemnification obligations]
- Buyer's Indemnification: [Description of buyer's indemnification obligations]
- Governing Law: [State or country whose laws will govern the agreement]
- Dispute Resolution: [Description of dispute resolution process, e.g. mediation, arbitration, etc.]
- Entire Agreement: [Statement indicating that this agreement constitutes the entire understanding of the parties]
- Amendments: [Description of process for amending the agreement]
- Seller's Signature: [Signature of the seller]
- Buyer's Signature: [Signature of the buyer]
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Free Buy-Sell Agreement Templates
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