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Agreement for Purchase of Going Concern by Employee

Sell your business to an employee as a going concern with this Purchase Agreement. Provisions of the Agreement include:

  • The transaction will take place upon the winding up of current business operations by the present owner.

  • The agreement terminates the employment of the employee and establishes an agency relationship between the buyer and the seller with respect to ongoing contracts and obligations of the business.

  • The purchaser, as agent for the seller, will pay the outstanding liabilities and will perform any required warranty or service work under existing contracts with clients.

This generic business purchase & sale agreement is provided in MS Word format, and is fully editable to fit your needs.





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