Business Sale Agreement

A Business Sale Agreement is a legally binding agreement between the seller and the buyer of a business. It sets out the terms and conditions of the transaction. The document is often drafted when the parties have come to an agreement on the commercial terms of the transaction, including the purchase price, deposit amount, conditions precedent, included assets, restraint of trade and settlement date. It is the main document that governs the sale and purchase of a business so it is important for the parties to have a legally drafted agreement.

Business Sale Agreement drafting service

West Perth Legal’s Business Sale Agreement drafting service includes:

• Drafting the agreement to suit your transaction and business
• Access to a lawyer
• Various rounds of amendments
• Quick turnaround
• An agreement that complies with West Australian laws

The importance of having a legally drafted Business Sale Agreement

A legally drafted Business Sale Agreement is important for the following reasons:

• Once signed, it is legally binding between the parties
• It clearly sets out what is being transferred and each parties’ obligations
• It includes key information of the business
• It minimises the risk of dispute during and after the sale of business
• It ensures that the business is sold in a timely manner and funds are received by the seller when ownership of the business is transferred

West Perth Legal Advantage

West Perth Legal provides a full suite of legal services for business sale and purchase. Our lawyers have assisted many businesses with their sale and purchase and can assist you with the entire business sale and purchase process. We offer fixed fees for many of our services.