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UK Sale of Business Agreement

Sell a business in the UK as a going concern with this Sale of Business Agreement.
  • The assets being sold include the plant and machinery, business property, intellectual property, any software developed for the business, goodwill, information and records, and the benefit of all existing contracts.
  • The consideration paid for the business will be a specified sale price, together with the discharge of the seller's debt obligations to the business' bank, and a number of shares in the purchaser or a subsidiary company owned by the purchaser.
  • The parties intend that the transfer of the business fall under Article 5 of the Value Added Tax (Special Provisions) Order 1995.
  • The purchaser will take over all employee contracts effective as of the date of completion.
  • The seller agrees to non-competition and non-solicitation provisions for a specified period of time following the transaction.
This United Kingdom Sale of Business Agreement is provided in MS Word format, and is fully editable to fit your specific circumstances.

Download: UK Sale of Business Agreement

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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