Sale of Business Assets
- Pages 15
- Format Microsoft Word
Business Sale Contract Template
What does this agreement do?
A Sale of Business Assets includes the sale of the assets of the business from the seller to the buyer as opposed to the Sale of the Shares in a business.
Why do I need this?
For whatever reason you wish to dispose of your business assets, this is a challenging process. That’s why some of the key clauses in this agreement include provisions that specifically deal with the goodwill of the business, stock in trade, leases, business assets, GST (goods and services tax), intellectual property, restraints of trade, employees, stamp duty and dispute resolution.
What’s the main benefit?
A Sale of Business Assets ensures your business’ assets are properly transferred to the buyer so you receive the maximum benefit.
Additional key points
- As this is a complex document which involves the creation of complex legal rights and obligations, we recommend that you complete the Sale of Business Checklist before completing this document.
- When this has been completed, Bayard Lawyers recommend that you read it carefully and instruct us to assist you in the finalisation of the Agreement.
- We also recommend that you take tax advice from your accountant or tax adviser as to any income tax, capital gains or GST consequences.