Business Transfer Agreement

Formats:

Overview

Use this business transfer agreement to transfer a business. It is suitable for use by an individul, partnership or company.

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Price £29.95

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Business Transfer Agreement Template

The Business Transfer Agreement is very similar to the asset sale agreement in that it is used when selling the business and assets of a business as a going concern. The business transfer agreement is a slimmed down version of the asset sale agreement and is commonly used for the transfer of lower value businesses or where the buyer is very familiar with the business and detailed warranties are not required.

About this Business Transfer Agreement

The agreement is a comprehensive short form agreement suitable for transferring a business from an individual, partnership or company to another individual, company or partnership. The agreement can be used to transfer any type of business and includes clauses for the transfer of employees where employees of a business are involved. If you are selling or buying a business which involves the transfer of employees we recommend that you take professional advice as there are very detailed rules arising under the Transfer of Undertakings Regulations.

Using our Business Transfer Agreement

Our template business transfer agreement can be easily customised and comes with a range of optional clauses. The following clauses and Schedules are included in the agreement:

1.      Definitions and interpretation 
2.      Transfer of the Business 
3.      Debts and liabilities 
4.      Title 
5.      Consideration 
6.      Completion 
7.      Appointment of the Company as attorney 
8.      Costs 
9.      Service Agreements 
10.    Lease of the Property 
11.    Employees  
 
Do you have a business that you wish to sell or are you thinking of buying an existing business? If you are looking at either scenario you will need to purchase a Business Transfer Agreement. You can look through the pages of this website for the template to download to your computer to guide you through the process. The documents you will find are held to the highest standards of the laws of England and Wales. This agreement will be suitable to use if you are transferring a business from a corporation, individual or partnership.

This agreement works well if the business you are interested in has a lower value and one that you are familiar with. You will find that there are many similarities to a more detailed asset sale agreement. If there will be an inclusion of employees in the sale of the company this document will have provisions within it to cover this. Although you will find a place for this in the document it is always a good idea to get expert advice as there are strict rules about the practice of transferring employees. You can find out more information about this in the Transfer of Undertakings Regulations.

The template has many sections to it so that you can tailor it to meet your company’s specific needs. Since there are different clauses included our Business Transfer Agreement is bound to serve all of your needs regarding this type of transaction.

Look for the full list of clauses and schedules in our web pages. Some of the ones that will be included are definitions, interpretations and a clause on transfer of the business. You will be able to list the debts and liabilities as well as any considerations and costs. We strive to provide the best template available to our customers.