Sale Of Business As A Going Concern Agreement Template UK

The Sale Of Business As A Going Concern Agreement Template UK is provided in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable versions for your convenience.


Sample

Sale Of Business As A Going Concern Agreement Template UK

Editable – Printable



Sale Of Business As A Going Concern Agreement Template UK

1. Seller Information


2. Buyer Information


3. Business Details


4. Sale Details


5. Assets Included in Sale

6. Liabilities and Obligations

7. Terms of Agreement

8. Warranties and Representations

9. Indemnity Clause

10. Governing Law

11. Signatures and Agreement Acknowledgment

12. Declaration and Signatures




PDF


WORD

Examples


Sale Of Business As A Going Concern Agreement Template UK (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
Introduction:
This agreement outlines the terms and conditions for the sale of the business as a going concern from [Name of the Seller] to [Name of the Buyer], effective as of [Effective Date].
Clause 1: Description of the Business
The business for sale includes all assets, licenses, goodwill, and operational components necessary for the ongoing conduct of [Type of Business].
Clause 2: Purchase Price
The total purchase price for the business is [Amount], payable as follows: [Detail payment schedule, e.g., deposit, balance payment, etc.].
Clause 3: Assets Included in the Sale
The following assets are included in the sale: [List specific assets such as equipment, inventory, intellectual property, etc.].
Clause 4: Liabilities Assumed
The Buyer agrees to assume the following liabilities: [List any specific liabilities, if applicable, e.g., existing contracts, debts, etc.].
Clause 5: Conditions Precedent
This agreement is subject to the fulfillment of the following conditions: [List conditions such as obtaining necessary approvals, financing arrangements, etc.].
Clause 6: Representations and Warranties
Each party represents and warrants that they have the legal power to enter into this agreement and that all information furnished is accurate to the best of their knowledge.
Clause 7: Confidentiality
Both parties agree to maintain the confidentiality of all proprietary information related to the business, unless disclosure is required by law.
Clause 8: Governing Law
This agreement shall be governed by, and construed in accordance with, the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Sale Of Business As A Going Concern Agreement Template UK (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
Introduction:
This agreement details the sale of the business including all operational licenses and assets, effective from [Effective Date], ensuring a smooth transition.
Clause 1: Business Overview
The Seller is selling the business known as [Business Name], located at [Business Address], which includes all ongoing operations.
Clause 2: Purchase Consideration
The Buyer shall pay a total of [Amount], structured as follows: [Specify deposit, balance, and any other payment terms].
Clause 3: Included Assets
The sale includes the following assets: [List of assets, such as customer lists, licenses, equipment, etc.].
Clause 4: Assumed Liabilities
The Buyer accepts responsibility for the following liabilities: [List all assumed liabilities].
Clause 5: Conditions of Sale
The completion of the sale is contingent upon meeting the following conditions: [Enumerate any necessary approvals or conditions].
Clause 6: Seller’s Representations
The Seller guarantees that the business is free from any hidden encumbrances and that all financial records are up to date.
Clause 7: Confidential Information
Both parties agree to keep all confidential information private, except where consent for disclosure is granted.
Clause 8: Legal Jurisdiction
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

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Sale Of Business As A Going Concern Agreement Template UK