Small Business Business Purchase Agreement Template UK

The Small Business Purchase Agreement Template UK is provided in multiple formats including PDF, Word, and Google Docs, featuring both editable and printable versions for your convenience.


Sample

Small Business Business Purchase Agreement Template UK

Editable – Printable



Small Business Purchase Agreement Template UK

1. Buyer Information


2. Seller Information


3. Business Details


4. Purchase Price


5. Assets Included in the Sale

6. Liabilities Assumed

7. Closing Date

8. Representations and Warranties

9. Conditions Precedent

10. Governing Law

11. Signatures and Agreement

12. Declaration and Signatures




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Examples


Small Business Purchase Agreement Template UK (1)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
Introduction:
This agreement outlines the terms and conditions under which [Name of the Seller] agrees to sell and [Name of the Buyer] agrees to buy the business known as [Business Name], commencing on [Completion Date].
Clause 1: Description of the Business
The business being sold includes all assets related to [Business Name] such as equipment, inventory, customer lists, and goodwill.
Clause 2: Purchase Price
The total purchase price for the business will be [Total Amount], payable as follows: [Specify payment terms, e.g., deposit, payment on completion].
Clause 3: Transition Period
The Seller agrees to provide [Transition Period Duration] of support to the Buyer post-completion to ensure a smooth transition.
Clause 4: Warranties
The Seller warrants that all information provided about the business is accurate and reflects the current status and performance of the business.
Clause 5: Confidentiality
Both parties agree to maintain confidentiality regarding the terms of this agreement and any proprietary information exchanged during the transaction.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]
Small Business Purchase Agreement Template UK (2)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
Introduction:
This agreement sets forth the terms under which [Name of the Seller] will sell the business [Business Name] to [Name of the Buyer], effective as of [Completion Date].
Clause 1: Assets Included
The assets included in this sale consist of [List specific assets such as inventory, equipment, intellectual property, and customer contracts].
Clause 2: Payment Structure
The Buyer agrees to pay a total of [Total Amount] as follows: [Detail payment structure including deposits, installment payments, and due dates].
Clause 3: Due Diligence
The Buyer shall have [Due Diligence Period] to review financial records, contracts, and other necessary documents before the completion of the sale.
Clause 4: Representations and Warranties
The Seller represents that there are no undisclosed liabilities and that all licenses and permits required for the business operations are in good standing.
Clause 5: Indemnification
The Seller agrees to indemnify the Buyer against any losses arising from any breach of representations, warranties, or covenants in this agreement.
Clause 6: Governing Law
This agreement will be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]

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Small Business Business Purchase Agreement Template UK