Description
What is a Sale of Business Agreement?
An agreement that regulates the sale of a business or a certain part of that business or company. A sale of business agreement will, amongst others, determine the tax implications, payment methods and deadlines, employees, notices, insurance, warranties, liabilities etc relevant to the transaction.
Why purchase a Sale of Business Agreement.
Selling or purchasing a business must not be taken lightly. Due to the vast amount of money and risks relevant to such sale and purchase a business cannot be bought nor sold without certain criteria having been met. A sale of business agreement shall ensure that the risks are mitigated and the sale terms regulated.
Who needs this?
- Any company or individual looking to sell a business
- Any company or individual looking to purchase a business
- A Business broker or agent
