Sale Of Business Agreement Template – US

Disclaimer

The information provided here serves as a general example concerning agreements related to the transfer of business interests. It does not offer legal advice and should not replace consultation with a qualified legal professional specializing in commercial transactions or contract law. Laws and regulations vary across jurisdictions, and modifications may be necessary to ensure compliance with local legal requirements. The use of this template is at the user’s own risk, and no liability is assumed for errors, omissions, or consequences resulting from its use without proper legal review.

Please be advised: This document serves as a sample template for a Sale of Business Agreement in the United States. Actual terms will vary depending on specific negotiations and applicable laws.

Sample Sale of Business Agreement (US)

Parties:

Seller: ABC Business Corp.
Address: 123 Commerce Avenue, New York, NY 10001

Buyer: XYZ Investments LLC
Address: 456 Market Street, Los Angeles, CA 90045

Business Description:

The business being sold includes the assets, inventory, customer lists, and goodwill associated with ABC Business Corp., located at 123 Commerce Avenue, New York, NY 10001, or other designated assets as agreed upon.

Purchase Price and Payment:

The total purchase price shall be $500,000, payable as outlined in the Payment Schedule attached hereto. Payment shall be made upon closing of the transaction.

Representations & Warranties:

The Seller warrants that all assets are free of liens and encumbrances and that all disclosures are accurate and complete as of the date of this agreement.

Conditions to Closing:

Closing shall occur upon mutual satisfaction of all conditions, including due diligence review, approval of transfer documents, and receipt of necessary governmental consents.

Governing Law:

This agreement shall be governed by the laws of the State of New York. Disputes shall be resolved within the courts of New York County.

Additional Provisions:

• The Buyer shall conduct due diligence within 30 days post-signature.
• All amendments to this agreement must be in writing and signed by both parties.
• Seller shall deliver all assets free of encumbrances at closing.

New York, ______________________