Common Contracts

Business purchase agreement word

Business Purchase Agreement • February 12th, 2023

• Contract Type
  Business Purchase Agreement
• Filed
  February 12th, 2023

THIS PURCHASE OF BUSINESS AGREEMENT (the “Agreement”) made and entered into this [Insert date] (the “Execution Date”), BETWEEN: [Insert name of [Insert address] (the “Seller”) AND [Insert name of [Insert address] (the “Purchaser”) BACKGROUND A. The Seller carries on the business of [Insert business description at [Insert business address] (the “Business”). B. The Seller owns the assets of the Business and desires to sell certain assets (the “Assets”), to the Purchaser, subject to any exclusions set out in this Agreement and the Purchaser desires to buy the Assets. IN CONSIDERATION of the provisions contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: Definitions 1. The following definitions apply in the Agreement: a. The “Assets” to be included in this Agreement include all assets of the Seller. There are no excluded assets. The Assets consist of the following: b. “Cl