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Purchase of Business by Employee as Going Concern
Sell your business to an employee with this downloadable Agreement for Purchase of Business as Going Concern.
- The Agreement for Purchase of Business as Going Concern is a great succession planning tool if you have no family members able or willing to take over the business.
- The transaction will take place upon the winding up of current business operations by the present owner.
- The agreement terminates the employee's employment, and establishes an agency relationship between the employee as buyer and the owner as seller with respect to ongoing contracts and obligations of the business.
- The buyer, 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 is a generic legal contract template which does not contain references to the specific laws of any country or jurisdiction.
$12.49
Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
$49.99
Asset Purchase Provisions for Management by Purchaser
Add these provisions to your Asset Purchase and Sale Agreement to provide for management of the business by the purchaser in the period prior to the closing.
- The purchaser will take over managing the business between the effective date of the Asset Purchase Agreement and the closing date.
- The provisions set out the particulars of how the business is to be operated, and what the purchaser's responsibilities are.
- Accounts receivable remain the property of the vendor (seller), and the vendor is responsible for invoicing and collecting the receivables.
- The Asset Purchase Provisions for Management by Purchaser can be used as a means to smoothly transition the business operations from the seller to the buyer without interruption.
- Available in MS Word format.
$6.49
Mutual Release for Asset Purchase and Sale
Whether you're selling or buying a business, you can protect yourself against claims by the other party in the transaction with this Mutual Release for Asset Purchase and Sale.
- The Release must be signed by both the purchaser and the seller.
- Each party releases the other party from claims or demands with respect to the transaction.
- This is a generic legal form which can be used anywhere.
- In today's world, it's always better to be safe than sorry. Buy and download the Mutual Release for Asset Purchase and Sale before you sign on the dotted line.
$2.29
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Noncompetition and Nonsolicitation Agreement
Before you close the purchase of that business you're buying, get the seller to sign this Noncompetition and Nonsolicitation Agreement.
- The person you bought the business from could become your newest competitor, unless you get them to sign this Noncompetition and Nonsolicitation Agreement as a condition of the closing.
- The seller agrees not to operate a business that competes directly or indirectly with the Business you're acquiring for a specified period of time after completion of the sale (non-competition).
- The seller also agrees not to solicit the customers or employees of the purchaser (non-solicitation).
- The purchaser agrees to keep confidential any proprietary information belonging to the seller.
- This is a generic legal form which can be used anywhere.
$12.49
