tiktok³ÉÈË°æ

All Countries
Real Estate
Business Sell Agreement

Business Sell Agreement Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Sell Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Sell Agreement

"I need a Business Sale Agreement for selling my small retail clothing store in Auckland, with completion scheduled for March 15, 2025, including inventory and existing lease assignment, but excluding any personal assets."

Celebrated by
Collaborations with
Investors
Document background
The Business Sale Agreement is a crucial legal document used in New Zealand when transferring ownership of a business from one party to another. It is essential for transactions ranging from small business sales to complex corporate acquisitions, providing a legally binding framework that protects both parties' interests. This agreement details all aspects of the business sale, including asset transfer, employee arrangements, warranties, and post-sale obligations. It must comply with New Zealand legislation, including the Contract and Commercial Law Act 2017, Fair Trading Act 1986, and Employment Relations Act 2000. The document is typically prepared with legal counsel to ensure all necessary elements are properly addressed and local regulatory requirements are met.
Suggested Sections

1. Parties: Identifies and provides full details of the vendor and purchaser

2. Background: Sets out the context of the sale and basic information about the business being sold

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Sale and Purchase: Details the assets and liabilities included in the sale and the basis of their transfer

5. Purchase Price: Specifies the purchase price, payment terms, and any adjustments

6. Conditions Precedent: Lists conditions that must be satisfied before completion can occur

7. Pre-Completion Obligations: Specifies obligations of both parties between signing and completion

8. Completion: Details the completion process, timing, and requirements

9. Vendor Warranties: Lists warranties given by the vendor about the business

10. Purchaser Warranties: Lists warranties given by the purchaser

11. Restraint of Trade: Specifies non-compete and non-solicitation obligations

12. Confidentiality: Governs the treatment of confidential information

13. GST: Addresses GST treatment of the transaction

14. Dispute Resolution: Sets out the process for resolving disputes

15. General Provisions: Contains standard boilerplate clauses

Optional Sections

1. Intellectual Property: Required when specific IP assets are being transferred

2. Employee Matters: Required when employees are being transferred to the purchaser

3. Assignment of Contracts: Required when specific contracts need to be assigned to the purchaser

4. Lease Assignment: Required when business premises are leased and the lease is being assigned

5. Vendor Finance: Required when the vendor is providing financing for the purchase

6. Post-Completion Services: Required when the vendor will provide transition services

7. Environmental Matters: Required for businesses with environmental compliance obligations

8. Property Matters: Required when real property is included in the sale

Suggested Schedules

1. Schedule 1 - Assets: Detailed list of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Contracts: List of contracts to be assigned to the purchaser

4. Schedule 4 - Employees: Details of employees and their employment terms

5. Schedule 5 - Intellectual Property: Details of all IP assets included in the sale

6. Schedule 6 - Lease Details: Details of any leases being assigned

7. Schedule 7 - Working Capital Calculation: Method for calculating working capital adjustments

8. Appendix A - Form of Transfer Documents: Templates for various transfer documents

9. Appendix B - Handover Checklist: List of items to be handled during business handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions










































Clauses









































Relevant Industries

Retail

Manufacturing

Professional Services

Hospitality

Technology

Construction

Healthcare

Education

Agriculture

Transportation & Logistics

Real Estate

Financial Services

Media & Entertainment

Mining & Resources

Wholesale Trade

Relevant Teams

Legal

Finance

Corporate Development

Executive Leadership

Operations

Risk & Compliance

Mergers & Acquisitions

Business Development

Commercial

Due Diligence

Relevant Roles

Chief Executive Officer

Business Owner

Managing Director

Chief Financial Officer

Corporate Lawyer

Business Broker

Commercial Director

Mergers & Acquisitions Manager

Business Development Manager

Company Secretary

Finance Director

Operations Manager

Legal Counsel

Due Diligence Manager

Risk Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Letter Of Intent To Sell (Real Estate)

A preliminary document used in New Zealand real estate transactions that outlines the basic terms and conditions under which a property owner intends to sell their property to a potential buyer.

find out more

Boat Purchase And Sale Agreement

A New Zealand-compliant agreement for the sale and purchase of marine vessels, incorporating local maritime law requirements and transaction terms.

find out more

Business Sale Contract

A New Zealand-governed agreement for the sale and purchase of a business, including transfer of assets, employees, and associated rights and obligations.

find out more

Conditional Purchase Agreement

A New Zealand-governed agreement setting out terms and conditions for a purchase that is subject to specific conditions being met before becoming unconditional.

find out more

Agreement To Sell Personal Property

A New Zealand-compliant legal agreement documenting the sale and transfer of personal property between parties, outlining terms, conditions, and obligations of the sale.

find out more

Real Estate Contract To Sell A House

A New Zealand-compliant contract for the sale and purchase of residential property, outlining terms, conditions, and obligations of both vendor and purchaser.

find out more

Rv Purchase Contract

A New Zealand-compliant contract for the sale and purchase of recreational vehicles, incorporating local vehicle sale regulations and consumer protection provisions.

find out more

Hotel Purchase And Sale Agreement

A New Zealand-governed agreement for the purchase and sale of hotel properties, including real estate assets and operational business components.

find out more

Purchase And Sale Form

A New Zealand law-governed agreement documenting the terms and conditions for the sale and purchase of assets, goods, or property between parties.

find out more

Vehicle Sale Purchase Agreement

A New Zealand-compliant agreement for the sale and purchase of motor vehicles, documenting terms, conditions, and transfer of ownership.

find out more

Real Estate Simple Letter Of Intent To Sell Property

A preliminary document under New Zealand law expressing a property owner's intention to sell a specific property, outlining basic terms and conditions for the proposed transaction.

find out more

Agreement Of Purchase And Sale Condominium

New Zealand-compliant agreement for the sale and purchase of a unit title (condominium) property, incorporating statutory requirements and body corporate provisions.

find out more

Sale Contract Agreement

A New Zealand-governed agreement detailing terms and conditions for the sale of goods or assets between a seller and buyer.

find out more

Commercial Purchase Contract

A New Zealand-governed agreement setting out terms and conditions for commercial purchase of goods between businesses.

find out more

Real Estate Offer To Purchase

A legally binding document used in New Zealand to present a formal offer to purchase real estate property, outlining key terms and conditions of the proposed transaction.

find out more

Business Sell Agreement

A New Zealand-governed agreement that documents the terms and conditions for the sale and purchase of a business, including assets, goodwill, and related matters.

find out more

Purchase And Sale Agreement Wholesaling

A New Zealand-governed agreement establishing terms and conditions for wholesale purchase and sale transactions between commercial entities.

find out more

Letter Of Intent To Sell House

A preliminary document used in New Zealand property transactions expressing a property owner's intention to sell their property to a specific buyer, setting out key terms and conditions.

find out more

Equipment Purchase And Sale Agreement

A New Zealand-governed agreement setting out terms and conditions for equipment purchase and sale transactions between parties.

find out more

Bill Of Sale Purchase Agreement

A New Zealand-compliant legal agreement documenting the sale and transfer of personal property between a seller and buyer, including terms, conditions, and warranties.

find out more

Exclusive Seller Agreement

A New Zealand law-governed agreement establishing exclusive selling rights between a principal and seller, including territory rights, performance terms, and commission structures.

find out more

International Purchase Agreement

New Zealand-governed agreement for international purchase of goods, establishing terms between foreign supplier and local buyer.

find out more

Letter Of Intent To Buy Land

A preliminary document used in New Zealand property transactions expressing a potential buyer's formal interest in purchasing specific land, outlining key terms and conditions.

find out more

Letter Of Intent To Sell Business

A preliminary document under New Zealand law that outlines the proposed terms and conditions for a business sale, serving as a framework for negotiations while remaining largely non-binding.

find out more

Letter Of Intent To Buy Property

A preliminary document under New Zealand law expressing a potential buyer's serious interest in purchasing a property, outlining key terms and conditions.

find out more

Agreement To Sell (Real Estate)

A New Zealand-compliant legal agreement for the sale and purchase of real estate property, detailing terms, conditions, and obligations of both vendor and purchaser.

find out more

Stock Sale And Purchase Agreement

A New Zealand-governed agreement for the sale and purchase of company shares, detailing transfer terms, warranties, and completion requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.