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.