A business purchase agreement contract is a legal document which is signed between two business entities, wherein one of the business entities involved in signing the contract is making purchase of the business of the other entity. The contract records the terms of the purchase along with the details of the parties. A sample of the contract is being given below.
Sample Business Purchase Agreement Contract
This contract has been prepared to be entered between Abraham & Wills Group and Bullard Developers Pvt. Ltd. as on the 25th of May, 2012
The contract states that Mr. Jonathan Abraham of Abraham & Wills Group have purchased the business by the name Bullard Developers Pvt. Ltd., from Mr. Jeremy Bullard, as on the date of signing of the contract.
Details of the Seller:
Business Name: Bullard Developers Pvt. Ltd.
Authorized Personnel: Mr. Jeremy Bullard
Position (before transfer of business): Chief Executive Officer
Contact No.: 256-680-035
Details of the Buyer:
Business Name: Abraham & Wills Group
Authorized Personnel: Mr. Jonathan Abraham
Position: Partner/ C.E.O.
Contact No.: 261-146-902
Terms and Conditions:
- The purchase of the business grants the buyer to make all future decisions regarding the business without any role of the seller.
- The sale has been made (by the seller) under the pre-condition that none of the current employees will be terminated before being tested on the job.
- The buyer has full right to change the name of the business as per their requirement.
_________________________ (Mr. Jeremy Bullard)
_________________________ (Mr. Jonathan Abraham)