Business Transfer Agreement

Seller: [Name/Company] Buyer: [Name/Company] Business: [Business Name/Description] Date: [Date]

1. Sale of Business

Seller agrees to sell, and Buyer agrees to purchase, the business known as [Business Name], including: [Assets — inventory, equipment, goodwill, customer lists, contracts, intellectual property, as applicable].

2. Purchase Price

Total price: [Amount], paid: [Terms — e.g. "cash at closing" or "installments over ___"].

3. Excluded Assets/Liabilities

[List anything specifically NOT included — e.g. Seller's personal vehicle, or existing litigation liability that stays with Seller.]

4. Representations and Warranties

Seller represents that: financial statements provided are accurate, there is no undisclosed litigation, and all material contracts are disclosed.

5. Employees

[State whether Buyer will offer employment to existing staff, and on what terms.]

6. Non-Compete

Seller agrees not to compete with the business within [Territory] for [Duration] following the sale.

7. Closing

Closing will occur on [Date], subject to [any closing conditions — financing, due diligence completion, third-party consents].

8. Transition Assistance

[Describe any post-closing transition support Seller will provide — training, introductions to key clients.]

Seller: ______________________ Date: ____________ Buyer: ______________________ Date: ____________

*This document is provided for informational and educational purposes only and does not constitute legal, tax, or accounting advice. Selling an entire business involves complex due diligence, liability allocation, and tax structuring (asset sale vs. entity sale have very different tax consequences) — use a licensed M&A attorney and accountant for an actual sale.*