{"product_id":"sale-business-agreement","title":"Sale of Business Agreement Template - No Employees - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eSale of Business Agreement Template - No Employees - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Sale of Business Agreement can be used when a person sells portion or the whole of their business, without selling any shares or members interest in the entity.\n\n\u003cstrong\u003eWhy do I need a Sale of Business Contract? \u003c\/strong\u003eA contract for the Sale of a Business sets out the terms of the sale, such as the purchase price, the terms of payment and precisely what is included in the sale (amongst other things). A person wanting to sell a business, such as a division of the organisation, a particular product-line, a department, or the whole of the business operations to somebody else should use a written agreement.\n\nThis agreement does not envisage the transfer of staff to the purchaser. If the sale and transfer of the business includes staff, then our \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-business-agreement-employees\/\"\u003eSale of Business Agreement – with Employees\u003c\/a\u003e can be used.\n\nNote also that this Agreement does not cater for the transfer of shares in a company, or members interest in a close corporation. In these instances a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-shares-agreement-total-non-shareholder\/\"\u003eSale of Shares Agreement \u003c\/a\u003eor \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-members-interest-agreement-total-non-member\/\"\u003eSale of Members Interest Agreement \u003c\/a\u003eshould be used.\n\n\u003cstrong\u003eWhat terms does this contract include? \u003c\/strong\u003eThe standard terms of this contract to sell a business consist of: parties; interpretation; sale of business and warranties; purchase price; valuation of stock; debtors and liabilities; Insolvency Act publication; cession and assignment; delivery and risk; resolution; breach; general.\n\n\u003cstrong\u003eHow long is this Sale of Business Agreement? \u003c\/strong\u003eThe agreement can be printed onto nine pages.\n\n\u003cstrong\u003eWhat should you do to use a sample Sale of Business Contract? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the document to confirm that it suits your requirements. Make any changes that may be required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details. This includes the Seller and Purchaser’s names, the nature of the business being sold and the purchase price. And ensure that you complete the clause specifying how the sale price is to be paid.\u003c\/li\u003e\n\n \t\u003cli\u003eOnce both parties have agreed to the terms and signed the agreement, make sure that you file your copy in a safe place. It is also recommended that you store a copy of the signed document electronically.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/confidentiality-agreement-2-parties-reciprocal\/\"\u003e\u003cspan style=\"color: #0066cc;\"\u003eConfidentiality Agreements\u003c\/span\u003e\u003c\/a\u003e (you may want to get one signed before negotiations start!)\n\nYou may also refer to this contract as Terms of Sale of Business; Sale of Business Contract; Terms \u0026amp; Conditions of Selling a Business\n\n \n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164044001420,"sku":"AO-3629","price":1020.83,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Sale-of-Business-Agreement-no-employees-1.jpg?v=1789524795","url":"https:\/\/agreementsonline.co.za\/products\/sale-business-agreement","provider":"Agreements Online","version":"1.0","type":"link"}