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    UK Sale of Business Agreement


    The sale of a business requires a lot of documentation. Sell your business as a going concern with this template Sale of Business Agreement for UK companies.

    • 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.
    • The agreement is governed by English law and can be used throughout the United Kingdom.

    Preparing your own paperwork can save you a lot of money on solicitors' fees. Download this fully customisable UK Sale of Business Agreement.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 7090