This is a Business Transfer Agreement between a Seller and a Buyer for the sale and purchase of a business.
SPARK Biz Transfer Agmt
SKU: 25-004
$100.00Price
- 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.
