Business Sale Agreement

A business sales agreement is commenced legally between two interested business parties for selling the entire business. Such an agreement is drafted to sell the sole proprietorship or some unit of business to an entrepreneur or an organization.

Sample Business Sale Agreement:

Agreement no: 789/ BSA

Date: January 29th, 2011

This business sales agreement is commenced between

Details of seller organization:

Name: Eagles Companies Pvt. Ltd

Contact number: 7990 790 3739

Hereinafter referred as the seller party

Details of buyer organization:

Name: Edmonton Industries Pvt. Ltd

Phone number: 9748 536 6878

Hereinafter referred as the buyer party

Whereas the seller party is willing to sell off its one functioning unit to the buyer party and the buyer party is interested for the deal by understanding the promised covenants.

This agreement is validating from January 30th, 2011 and is ending on January 30th, 2012.

Term & conditions:

  • The seller party will receive an amount of $56321 in advance, whereas the remaining amount of $ 56879 will be paid by the buyer party after transferring legitimates papers.
  • The buyer party will take over the sold unit after paying the full amount on the committed date & time.
  • Any violation can get this agreement dissolved in which the guilty party will pay $3400 to the alleging party.

Acceptance of the business sales agreement:

Seller party                                        Buyer Party:

Samantha Paterson                            Jim Sully

Category: Business Agreements

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