The Selling Business Contract Template – Australia is offered in multiple formats, including PDF, Word, and Google Docs. Each version is made to be both editable and printable, providing you with flexibility to suit your requirements easily.
Selling Business Contract Template – Australia Editable | PrintableSample
1. Parties Involved 2. Description of the Business 3. Purchase Price 4. Payment Terms 5. Assets Included in the Sale 6. Conditions Precedent 7. Closing Date 8. Representations and Warranties 9. Indemnification 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Seller’s Name]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Buyer’s Name]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
This Selling Business Contract (“Contract”) outlines the terms and conditions under which [Seller’s Name] agrees to sell and [Buyer’s Name] agrees to purchase the business known as [Business Name], effective from [Start Date].
The business being sold is described as [detailed description of the business, including type of business, location, assets included, etc.].
The total purchase price for the business is [amount] AUD, payable in full upon closing of the sale or as otherwise agreed upon in this contract.
Payment shall be made via [payment method] and completed by [payment due date]. The Buyer shall provide a deposit of [deposit amount] upon signing this contract.
The Seller represents that the business is in good standing, and all financial records and documents provided are accurate and reflect the business’s true state.
The closing of the sale shall take place on [Closing Date] at [Location/Method of Closing].
The Seller agrees to assist the Buyer in the transition of the business for a period of [Transition Period] after closing.
This Contract shall be governed by the laws of Australia.
[Seller’s Signature]
[Seller’s Name]
[Buyer’s Signature]
[Buyer’s Name]
[Seller’s Name]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
[Buyer’s Name]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
This Contract serves as a legally binding agreement for the sale of the business operated as [Business Name], commencing from [Start Date].
The business includes all assets, intellectual property, customer lists, and goodwill associated with the operation of [Business Name].
The Buyer agrees to pay a total sum of [amount] AUD to the Seller for the complete acquisition of the business, broken down into the following payments: [Payment Breakdown].
The obligations of both parties under this Contract are conditional upon the completion of due diligence by the Buyer, satisfactory to the Buyer.
The Seller agrees to indemnify and hold the Buyer harmless from any liabilities arising from the business operations prior to the Closing Date.
The Seller agrees not to engage in or establish a competing business within [Competitive Radius] of [Business Location] for a period of [Non-Compete Duration] following the sale.
This Contract will be enforced under the laws governing business transactions in Australia.
[Seller’s Signature]
[Seller’s Name]
[Buyer’s Signature]
[Buyer’s Name]
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