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Business Purchase Agreement

A business purchase agreement
is a written contract between two
or more individuals for the purpose
of buying and selling a business.

We offer you an attorney-drafted business purchase and sale agreement to successfully buy or sell an entire business or just the assets.

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The last update of our contract to purchase a business was completed in 2008 by a licensed attorney.

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Below are contracts we offer to assist you with buying a business:

1) Letter of Intent to Purchase a Business - A letter of intent to purchase a business is used by the buyer and seller to determine whether or not there is sufficient agreement between them in order to proceed with the purchase and sale of the business. When a letter of intent to purchase a business is drafted, it normally sets forth the basic terms of the proposed transaction and is non-binding.

The purpose of the non-binding letter of intent is make sure that the buyer and seller agree on the major points of the purchase and sale of the business. In this way if there is a disagreement about the transaction the buyer has not wasted time and money preparing a detailed purchase agreement. The letter of intent should not be binding as it normally does not contain enough detail to complete the transaction.

Once the letter of intent is signed, the buyer will usually begin the due diligence period where they will examine the business of the seller with or without the help of a CPA and attorney. This length of this due-diligence period will depend on the time frame agreed between buyer and seller.

We offer you a professional attorney-drafted letter of intent to buy only the assets of a business or a letter of intent to purchase the entire business for $19.95.

2) Business Purchase Agreement - We provide you with an  attorney-drafted business purchase and sale agreement. A business purchase agreement states what is being purchased, by whom, for how much, and when. In many cases it will also contain a "non-compete" clause which prevents the seller from restarting or being involved in a similar business within a set distance of the business being sold, and for a set time from the date of sale.

Also included is a sample business purchase and sale agreement that has been filled out. This sample agreement shows the actual details of the purchase and sale of a business and what a completed agreement would look like.

We offer you a professional attorney-drafted business purchase and sale agreement along with a sample agreement that has been filled out for $19.95.

3) Indemnity Agreement to Protect Buyer - An indemnity agreement is a contract where one party agrees to defend another party against future lawsuits or claims. Even if a buyer and their professionals have thoroughly gone over the sellers books, something may have been overlooked. An indemnity agreement signed by a seller will protect the buyer against future lawsuits, losses and claims for something the owner did, or neglected to do. By signing the indemnity agreement the seller would agree to pay all judgments, fines, or penalties should they be imposed on the buyer after the sale of the business.

We offer you a professional attorney-drafted indemnity agreement to protect the buyer for $15.95.

4) Report on Purchasing a Business and Due Diligence Checklist There are many things that have to be done before, during, and after you buy a business. Our 10 page report on buying a business will give you a solid overview of the entire process along with a due diligence checklist of things that should be done before and after the closing. This will save you time, money, and help lessen your chances of overlooking important issues. We offer this professional report for $14.95.

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1)  Attorney-drafted agreements
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