Sell a UK business as a going concern with this Sale of Business Agreement. The Agreement can be signed by the seller or by a broker, on behalf of the seller. Provisions of the Sale Agreement include:

• 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.