Business Purchase and Sale Agreement
This Business Purchase and Sale Agreement is made and entered into on [Date], by and between:
[Seller's Full Name], located at [Seller's Address], hereinafter referred to as the "Seller,"
and
[Buyer's Full Name], located at [Buyer's Address], hereinafter referred to as the "Buyer."
This Agreement is governed by the laws of [State].
1. Business Description:
The Seller agrees to sell, and the Buyer agrees to purchase the following business, known as:
[Business Name]
located at [Business Address] (the "Business").
2. Purchase Price:
The total purchase price for the Business shall be [Total Price], payable as follows:
- [Payment Method].
- [Payment Terms].
3. Closing Date:
The closing of the transaction shall occur by [Closing Date].
4. Assets Included in the Sale:
The following assets shall be included in the sale:
- [Asset 1]
- [Asset 2]
- [Asset 3]
5. Liabilities:
The Buyer agrees to assume the following liabilities:
- [Liability 1]
- [Liability 2]
6. Representation and Warranties:
The Seller represents and warrants that:
- The Seller has full authority to enter into this Agreement.
- The Business is sold free of any encumbrances.
7. Governing Law:
This Agreement shall be governed by the laws of [State].
IN WITNESS WHEREOF, the parties have executed this Business Purchase and Sale Agreement as of the date first above written.
_____________________________
Seller's Signature:
Date: [Date]
_____________________________
Buyer's Signature:
Date: [Date]