Business Purchase Agreement

The Business Purchase Agreement is for purchasing a business in Australia and includes the following clauses:

• sale of the business assets;
• conditions to be satisfied prior to completion;
• vendor's conduct of the business;
• vendor assistance;
• completion;
• obligations of vendor at completion
• transfer of employees;
• conduct after completion
• warranties and general indemnities;
• intellectual property rights and personal information;
• confidentiality;
• restraint of trade or non-compete;
• stamp duty, costs and expenses;
• general provisions.

As all transactions are different the template does not include detailed warranties.

Before buying a business you should consider undertaking Due Diligence to review, among other things, the assets and liabilities and any risks associated with the acquisition.