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    Broker Contract for Sale of Business


    Prepare an Agreement for Sale of Business between a business broker and a client with this fully editable template.

    • The broker will list the business for sale, identify potential buyers and act on behalf of the seller to complete a sale.
    • The broker's commission rate will be calculated as a percentage of the sale price or a minimum fixed rate, whichever is more.
    • The seller grants the broker a lien over the business assets until the commission is paid in full.
    • The parties agree to arbitration in the event of a dispute.
    • This template includes a confidentiality agreement which potential buyers must sign before reviewing confidential business information of the seller.
    • Available in MS Word format, easy to use and customize.
    • This is a generic form that can be used in many jurisdictions.
    Download Type: Microsoft Word
    Last Updated: 19-April-2024
    SKU: 5021
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    Using a Broker to Help You Sell Your Business


    Should you attempt to sell your business yourself or use a broker? This expert guide discusses the benefits of using a broker or intermediary to sell it for you.

    Whether you decide to use a licensed business broker, a lawyer or an accountant experienced in buying and selling privately-owned businesses, there is a lot they can bring to the process. The guide covers a range of topics including:
    • retaining an intermediary,
    • how commissions are determined,
    • completing a business review,
    • provisions of the listing agreement,
    • preparing and implementing a marketing plan,
    • negotiating the deal,
    • due diligence and the definitive agreement,
    • closing the sale,
    • licensed brokers vs. unlicensed intermediaries.

    You know your business. But do you know how to sell it? Read Using a Broker to Help You Sell Your Business and decide if an intermediary is right for you.