All right, so a while ago, I wrote this article about free business sales agreements with completed contracts on Hubpages. It gets the most traffic for me. It's about the time when I had to sell a business but had trouble finding an agreement. It was a pretty straightforward sale, but I didn't want to pay over ÂŁ2,000 for a lawyer. So, what I did is I put together the agreement myself after searching the internet. Now, I'm just going to run through the agreement real quickly for all those people interested in buying or selling a business, so that they can have better luck than I did. The first thing you need to do is put together who the agreement is for: the seller and the buyer. You also need to include the address where the sale is taking place and the subject matter. What is the subject matter of the business? Are you selling the idea, the store, or something else? What is included in the sale, such as furniture, fixtures, fittings, stock, goodwill, employees, and ideas. Point number two is pretty important. It's about the purchase price. How much is the buyer paying? How much are they paying for the equipment? What they pay above the equipment is known as goodwill. Point number three is about the terms of payment. How will the payment be made? Is it cash upfront? Is it 50% upfront and the rest later? Point number four is about conditions, representations, and warranties. These are the promises you made and how they will be carried out. Point number five is about the risks that both parties take by entering into the agreement. Point number six is important. It's about your competition. You don't want to buy a business and then find out that...
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Business bill of Sale Purchase Agreement Form: What You Should Know
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