Purchase and Sale of Business

Protect your business interests with our Purchase and Sale of Business Agreement:

1. Complete the Purchase and Sale of Business Agreement form below.
2. Click on "View Results" at the bottom to preview your Purchase and Sale of Business Agreement.

LawDepot's Purchase and Sale of Business Agreement lets you specify:

  • Creates a comprehensive document to sell a business either as a sale of shares, or as a sale of business assets.
  • Outlines the conditions and obligations that must be met.
  • Specifies which assets will be included or excluded from the sale of the business.
  • Specifies what will happen to current employees.
  • Includes non-solicitation and non-competition clauses for the seller.

If you are not selling or purchasing all of the shares in a business, use our Share Purchase Agreement.

We regularly maintain this contract. Last Modified: November 2008
Purchase and Sale of Business Details

Governing Law

A legal document will typically be governed by the laws of the jurisdiction where the actions of the parties will be performed.

Please select a governing law jurisdiction.

Transaction Type

There may be tax implications involved in selling your corporation as a sale of Assets or as a sale of Shares. If you are uncertain which is the best option for you then check with your accountant.

Output Format

You may choose from two different output formats for this document.
A Purchase and Sale of Business Agreement is a binding contract with rights and obligations for each party.

A Letter of Intent is NOT binding on either party and is only an expression of an intent to continue negotiations in good faith.

Business Information

Enter the legal name for the business. (e.g. Salman Ltd.)
Enter the name the business operates under if different from the Business Name. (e.g. Albert's)
(e.g. 1430 - 103 St., Beverly Hills, CA, 90210)
Describe the nature of the business conducted by the Company (e.g. retail automotive sales, oilfield metal welding and fabrication, etc.)
Indicate if the Business is a registered corporation. Only an incorporated company will have shares of stock.

Purchaser Information

Enter the name, address and other seller specific information for each Purchaser.

Purchaser

(e.g. Sally T. Smith)
(e.g. 1430 - 103 St., Beverly Hills, CA, 90210)

Assets and Purchase Price

Assets to be Sold (All amounts shown in Canadian Dollars-$)