Agreement of Purchase and Sale of Business Assets Short Template

This agreement of purchase and sale of business assets short template has 2 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our agreement of purchase and sale of business assets short template:

AGREEMENT TO SELL BUSINESS This Agreement to Sell Business (the "Agreement") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Seller"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BUYER NAME] (the "Buyer"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: Whereas the Seller desires to sell to Buyer and the Buyer desires to buy the business of the Seller, now being operated at [YOUR ADDRESS] and known as [YOUR COMPANY NAME] and all assets thereof as contained in Schedule "A" attached hereto, the parties hereto agree and covenant as follows: The total purchase price for all fixtures, furnishings and equipment is [AMOUNT] payable as follows: [AMOUNT] paid in cash; certified or bank checks, as a deposit upon execution of this Agreement, to be held by [BANK NAME]. [AMOUNT] additional to be paid in cash, certified or checks, at the time of passing papers. [AMOUNT] to be paid by a note of the Buyer to the Seller, bearing interest at the rate of [RATE] percent per annum with an option of the Buyer to prepay the entire outstanding obligation without penalty. Said note shall be secured by a chattel mortgage and financing statement covering the property to be sold hereunder, together with any and all other property acquired during the term of said note and placed in or within the premises. The property to be sold hereunder shall be conveyed by a standard form Bill of Sale, duly executed by the Seller. The Seller promises and agrees to convey good, clear, and marketable title to all the property to be sold hereunder, the same to be free and clear of all liens and encumbrances. Full possession of said property will be delivered in the same condition that it is now, reasonable wear and tear expected. Consummation of the sale, with payment by the Buyer of the balance of the down payment and the delivery by the Seller of a Bill of Sale, will take place on or before [DATE].