Agreement to Sell Business - Free Legal Form
Check out our sample of an agreement to sell business form.3 min read
Agreement to Sell Business Form Sample
Agreement made this _________day of _________, 20__ by and between ____________________ and _____________________ (doing business as _____________________.) of ________________________ ____________________ (hereinafter referred to as "Seller") and _________________________________ (hereinafter referred to as the "Buyer").
Whereas the Seller desires to sell and the Buyer desires to buy the business of a certain [Name] now being operated at [Address] and known as [Business Name] and all assets thereof as contained in Schedule "A" attached hereto, the parties hereto agree and covenant as follows:
1. The total purchase price for all fixtures, furnishings and equipment is $___________ Dollars payable as follows:
(A) $____________ paid in cash; certified or bank checks, as a deposit upon execution of this Agreement, to be held by [Name].
(B)$___________ additional to be paid in cash, certified or bank checks, at the time of passing papers.
(C) $_________ to be paid by a note of the Buyer to the Seller, bearing interest at the rate of _____ percent per annum with an option of the Buyer to prepay the entire outstanding obligation without penalty. Said note shall be secured by a chattel mortgage and financing statement covering the property to be sold hereunder, together with any and all other property acquired during the term of said note and placed in or within the premises known as __________________________.