Insurance Book Of Business Purchase Agreement Template for Canada

1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance metrics

2. Employee Matters: Include when the transaction involves transfer of employees

3. Transition Services: Required when seller agrees to provide specific post-closing transition support

4. Insurance Carrier Relationships: Include when specific provisions are needed regarding insurance carrier contracts and relationships

5. Real Estate: Include when physical office locations are part of the transaction

6. Technology Transfer: Used when specific software or technology systems are part of the sale

7. International Provisions: Include when the book of business includes international clients or cross-border elements

1. Schedule A - Purchased Assets: Detailed list of all assets included in the purchase, including client lists, policy details, and commission rights

2. Schedule B - Excluded Assets: List of specific assets excluded from the transaction

3. Schedule C - Purchase Price Calculation: Detailed methodology for calculating the final purchase price, including any adjustments

4. Schedule D - Client List: Complete inventory of clients and policies included in the book of business

5. Schedule E - Carrier Agreements: List of insurance carrier relationships and relevant contracts

6. Schedule F - Required Consents: List of third-party consents required for the transaction

7. Schedule G - Transition Plan: Detailed plan for transitioning clients and business operations

8. Appendix 1 - Form of Client Notice: Template for client notification letters

9. Appendix 2 - Closing Checklist: List of all deliverables and actions required for closing

10. Appendix 3 - Commission Statements: Historical commission statements and projections