The Seller agrees to transfer all title, rights, and liabilities of the Business and Assets to the Buyer on the Effective Date.
The Buyer will pay a total Transfer Price of $_______________.
The agreement includes terms for a deposit, which may or may not be refundable if the transfer is aborted.
The Seller represents and warrants their ownership of the Business/Assets and the absence of undisclosed liabilities.
The Seller may be subject to a non-compete agreement.
The Seller may indemnify the Buyer against losses arising from the Seller's neglect or default prior to the transfer.
The agreement includes clauses for force majeure, entire agreement, severability, and governing law.
Annexes A, B, and C provide details on the business activity, property and equipment, and transitional services, respectively.
