Buying or Selling a Business

Prepare an Affidavit of Bona Fide Purchase with this template form for the purchase of a business in Canada.

• The Affidavit must be sworn by an officer of a company that is purchasing the assets of a business.
• The Affidavit attests that the purchase is a bona fide purchase and is not being made for the purpose of keeping the assets out of the hands of creditors.
• This form can be used in any Canadian province or territory. A French language version may be required in some provinces.

Selling shares or assets of a Canadian business? Provide the purchaser with this Affidavit of Residency of Vendor.

• The Affidavit is made under section 116 of the Income Tax Act (Canada).
• The Affidavit must be sworn by either the vendor (if an individual) or a corporate officer (if the shares being transferred are owned by a company).
• The vendor attests that it is not a non-resident of Canada, as that term is defined in the Income Tax Act.
• This free form is provided in MS Word format. Easy to download, print and fill in.
• Intended for use only in Canada.

When you sell a business in the United States, you may be required to provide this Affidavit of Seller in accordance with bulk sales act legislation.

• The seller confirms that:
  • the seller has the right to sell the business, assets, inventory, goodwill and equipment of the business,
  • no taxes are owing with respect to the business being sold,
  • no litigation is pending, and
  • the seller has not done anything which would give rise to a claim against any of the items being sold.
• This affidavit is a downloadable digital template which you can easily fill in, print and sign in front of a notary.
• Available in MS Word format.
• Intended to be used only in the United States.

Set down in writing the terms and conditions of selling a business in New Zealand in this customisable Asset Purchase Agreement template.

• The balance of the purchase price is secured by way of a promissory note, which is included in the document package. The note provides for regular instalment payments of principal and interest.
• The agreement contains the standard representations, covenants and warranties of the seller regarding corporate status, authority, financial position of the business, title to assets, conduct of business until closing, and other material items.
• The buyer also makes representations, covenants and warranties to the seller regarding its corporate status, authority, ability to finance the transaction, insurance, and other relevant matters.
• Each of the parties agrees to keep all information of the other party confidential. The parties have the right to an injunction or a suit for damages for a breach of this provision.
• Available in MS Word format.
• Intended to be used only within New Zealand.

Buy an RV park in Arizona with this comprehensive Purchase and Sale Agreement template.

• The property being sold includes the land on which the park is located, all personal property belonging to the business, leases and intangibles, the business name, licenses and permits, and all documentation connected with the development and operation of the RV park.
• The buyer will have a specified time period during which to inspect the site and perform its due diligence. The sale is conditional upon a satisfactory due diligence, and the buyer will have the right to terminate the agreement during this period upon written notice to the seller.
• The parties will each be responsible for their own closing costs.
• All taxes, rents, income, costs and assessments for the year will be prorated as of the closing date.
• The parties mutually indemnify each other against claims and liabilities.
• Earnest money deposits will be held by the escrow agent until closing, with interest accruing to the buyer.
• Intended for use only in the State of Arizona.

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.

This standard form USA Asset Purchase Agreement includes a set of schedules and documentation you need to transfer the assets of the business from the seller to the buyer. The package contains:

1. Asset Purchase Agreement setting out the terms and conditions of the purchase and sale;
2. Schedule of Definitions used in the Agreement;
3. Representations and warranties of the seller regarding the corporate status of the business, contractual obligations, taxes, financial statements, condition of the assets, and other material items;
4. Miscellaneous standard contract provisions, including a bulk sales law compliance provision;
5. Non-Competition Agreement to be signed by the seller.

You can customize and tailor the USA Asset Purchase Agreement template to fit the specific conditions of your transaction. This digital download can be used for brokered and non-brokered sales.

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.

Assign and transfer ownership of the assets of a small business from a seller to a purchaser with this downloadable Assignment of Assets form.

• The seller assigns its business assets to the purchaser without any set-off.
• The seller certifies the accuracy of the records and accounts being assigned.
• The business assets being assigned will include all of the accounts payable, contracts, leases, inventory, and good will.
• The assignment forms part of the documentation required for the sale of the business.
• This is a generic template which does not contain references to the laws of any country or jurisdiction.
• Save time and money by preparing your documents yourself. Download, fill in, print and sign.

An Assumption of Obligations Agreement is used in the purchase of a business when a buyer has agreed to assume the obligations and liabilities of the business following the closing.

• The purchaser agrees to assume and perform the obligations specified in the agreement after the closing.
• Each of the parties indemnifies the other party against claims or actions, with the seller indemnifying the buyer up until the time of closing, and the buyer indemnifying the seller from the time of closing on.
• This is not a country-specific template and it can be used anywhere. Downloadable and editable to meet your needs.