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1. Parties: Identification of the seller, purchaser, and current landlord
2. Background: Context of the transaction, including business description and existing lease arrangement
3. Definitions: Key terms used throughout the agreement, including Business Assets, Premises, Lease, etc.
4. Purchase and Sale: Core agreement to purchase and sell the business, including the assets being transferred
5. Purchase Price: Total consideration and payment terms, including any deposits and adjustments
6. Lease Assignment: Terms of the lease transfer and required landlord consent
7. Closing: Closing date, conditions, and deliverables
8. Seller's Representations and Warranties: Statements about the business, assets, and lease status
9. Purchaser's Representations and Warranties: Statements about purchaser's capacity and ability to fulfill obligations
10. Conditions Precedent: Conditions that must be met before closing
11. Employees: Treatment of existing employees and related liabilities
12. Adjustments and Apportionments: How ongoing expenses and revenues will be handled
13. Indemnification: Mutual protection against breaches and claims
14. Notices: How formal communications between parties should be made
15. General Provisions: Standard clauses including governing law, entire agreement, etc.
1. Non-Competition: Restrictions on seller's future business activities - include when seller might compete
2. Transition Services: Seller's assistance post-closing - include when complex business transition needed
3. Intellectual Property: Specific IP transfer provisions - include when significant IP assets involved
4. Environmental Matters: Environmental warranties and indemnities - include for manufacturing or industrial businesses
5. Third Party Consents: Process for obtaining other required consents - include when key contracts need assignment
6. Bulk Sales Compliance: Compliance with bulk sales legislation - include for large inventory transfers
7. Franchise Requirements: Special provisions for franchise businesses - include if business is a franchise
1. Schedule A - Business Assets: Detailed list of all assets included in the sale
2. Schedule B - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule C - Lease Details: Copy of existing lease and related documents
4. Schedule D - Inventory: Detailed inventory list and valuation method
5. Schedule E - Equipment and Fixtures: List of equipment and fixtures included in sale
6. Schedule F - Contracts and Permits: List of transferable contracts, licenses, and permits
7. Schedule G - Employee Information: List of employees, positions, and employment terms
8. Schedule H - Financial Statements: Recent financial statements of the business
9. Appendix 1 - Form of Landlord Consent: Template for landlord's consent to lease assignment
10. Appendix 2 - Bill of Sale: Form for transferring ownership of tangible assets
Applicable Law
Assets
Business
Business Day
Business Hours
Business Records
Closing
Closing Date
Completion
Consideration
Contracts
Current Lease
Deposit
Effective Date
Employees
Encumbrance
Environmental Laws
Excluded Assets
Execution Date
Existing Liabilities
Financial Statements
Fixtures and Fittings
Goodwill
GST
Intellectual Property Rights
Inventory
Landlord
Landlord's Consent
Lease
Lease Assignment
Leased Premises
Liabilities
License
Material Adverse Change
Notice
Parties
Permits
Permitted Encumbrances
Purchase Price
Purchaser
Related Party
Seller
Stamp Duty
Taxes
Third Party
Trade Fixtures
Transaction
Transfer Date
Warranties
Sale and Purchase
Purchase Price
Deposit
Due Diligence
Lease Assignment
Landlord Consent
Assets Transfer
Inventory
Employee Matters
Representations and Warranties
Conditions Precedent
Closing Conditions
Completion Obligations
Post-Completion Obligations
Non-Competition
Confidentiality
Intellectual Property
Tax Matters
GST Compliance
Environmental Compliance
Assignment
Force Majeure
Indemnification
Insurance
Notices
Dispute Resolution
Governing Law
Severability
Amendment
Entire Agreement
Further Assurance
Costs and Expenses
Third Party Rights
Termination
Survival
Stamp Duty
Registration
Retail
Hospitality
Food and Beverage
Professional Services
Healthcare
Manufacturing
Entertainment
Education
Technology
Automotive
Beauty and Wellness
Fashion and Apparel
Consulting
Fitness and Recreation
Legal
Finance
Real Estate
Operations
Compliance
Risk Management
Corporate Secretariat
Business Development
Property Management
Commercial
Business Owner
Commercial Lawyer
Real Estate Lawyer
Business Broker
Chief Executive Officer
Chief Financial Officer
Commercial Director
Real Estate Manager
Business Development Manager
Operations Manager
Legal Counsel
Property Manager
Compliance Officer
Risk Manager
Corporate Secretary
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