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1. Parties: Identifies and defines the seller and purchaser, including full legal names, addresses, and company details if applicable
2. Background: Outlines the context of the agreement, including brief description of the business and the parties' intention to transfer ownership
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Sale and Purchase: Core agreement terms stating the seller's agreement to sell and the purchaser's agreement to buy the business
5. Purchase Price: Details the total purchase price, payment structure, and any adjustments
6. Completion: Specifies the completion date and process, including conditions precedent and completion obligations
7. Assets and Liabilities: Lists all assets being transferred and treatment of liabilities
8. Employees: Addresses the transfer of employees and related obligations
9. Seller's Warranties: Details the seller's representations and warranties about the business
10. Purchaser's Warranties: Specifies the purchaser's representations and warranties
11. Restraint of Trade: Non-compete and non-solicitation provisions binding the seller
12. Confidentiality: Obligations regarding confidential information and trade secrets
13. GST: Treatment of GST in the transaction
14. Dispute Resolution: Process for resolving disputes between the parties
15. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.
1. Intellectual Property: Detailed provisions for transfer of IP rights, particularly important for businesses with significant IP assets
2. Transition Services: Terms for post-completion assistance from the seller, useful when complex handover is required
3. Third Party Consents: Requirements for obtaining consents from third parties, needed when key contracts require consent for assignment
4. Environmental Matters: Specific provisions dealing with environmental liabilities, important for businesses with potential environmental impacts
5. Property Lease Assignment: Provisions for transferring business premises leases, required when business operates from leased premises
6. Earn-out Provisions: Structure for additional payments based on future performance, useful in businesses with uncertain valuation
7. Key Personnel: Provisions relating to retention of key employees, important when business success depends on specific individuals
1. Schedule 1: Assets: Detailed inventory of all physical assets, equipment, and stock included in the sale
2. Schedule 2: Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3: Contracts: List of all business contracts being transferred
4. Schedule 4: Intellectual Property: Details of all IP rights, registrations, and licenses
5. Schedule 5: Employees: List of employees, their roles, and employment terms
6. Schedule 6: Lease Details: Details of any property leases being transferred
7. Schedule 7: Outstanding Liabilities: List of all liabilities and their treatment
8. Schedule 8: Completion Obligations: Detailed checklist of actions required at completion
9. Appendix A: Due Diligence Findings: Summary of key due diligence findings and disclosed matters
10. Appendix B: Form of Transfer Documents: Templates for various transfer documents required at completion
Agreed Form
Agreement
Assets
Business
Business Day
Business Information
Business Name
Completion
Completion Date
Confidential Information
Consideration
Contracts
Customer Lists
Deposit
Due Diligence
Effective Date
Employees
Encumbrance
Excluded Assets
Excluded Liabilities
Financial Statements
Goodwill
GST
Intellectual Property Rights
Inventory
Key Employees
Leases
Liabilities
Material Adverse Change
Material Contracts
Net Asset Value
Normal Business Hours
Parties
Permitted Encumbrances
Purchase Price
Purchaser
Records
Related Companies
Restricted Business
Restricted Period
Seller
Stocktake
Supplier Contracts
Tax
Territory
Trade Secrets
Transaction Documents
Transfer Date
Transferring Employees
Warranties
Working Capital
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Adjustments
Due Diligence
Pre-Completion Obligations
Conditions Precedent
Completion Requirements
Asset Transfer
Property Transfer
Intellectual Property Transfer
Employee Transfer
Contract Assignment
Warranties
Representations
Indemnities
Restraint of Trade
Confidentiality
Non-Competition
Non-Solicitation
GST and Taxation
Stock Transfer
Business Records
Transition Services
Third Party Consents
Insurance
Liability and Risk
Force Majeure
Default and Termination
Dispute Resolution
Notices
Assignment
Governing Law
Entire Agreement
Severability
Costs
Further Assurance
Amendment
Waiver
Counterparts
Retail
Manufacturing
Hospitality
Professional Services
Technology
Healthcare
Construction
Agriculture
Education
Transportation
Real Estate
Financial Services
Entertainment
Food and Beverage
Consulting
Legal
Finance
Executive Leadership
Operations
Human Resources
Compliance
Risk Management
Due Diligence
Corporate Development
Business Development
Mergers & Acquisitions
Business Owner
CEO
Managing Director
Corporate Lawyer
Business Broker
Chief Financial Officer
Commercial Director
Business Development Manager
Company Secretary
Financial Controller
Legal Counsel
Due Diligence Manager
Risk Manager
Compliance Officer
Operations Director
HR Director
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