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Buy Sell Agreement Form
"I need a Buy Sell Agreement Form for the purchase of a small retail business in Auckland, New Zealand, including inventory and existing customer contracts, with completion scheduled for March 2025."
1. Parties: Identifies and defines all parties to the agreement, including their legal status and contact details
2. Background: Sets out the context and purpose of the agreement, including brief description of the business/assets being transferred
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation
4. Sale and Purchase: Core provision detailing what is being sold and purchased, including any exclusions
5. Purchase Price: Specifies the purchase price, payment terms, and any adjustments
6. Completion: Details the completion process, including timing, location, and requirements
7. Seller's Warranties: Warranties given by the seller regarding the asset/business being sold
8. Buyer's Warranties: Warranties given by the buyer, typically regarding capacity to complete the purchase
9. Pre-Completion Obligations: Obligations of both parties between signing and completion
10. Confidentiality: Provisions regarding confidential information and its protection
11. Notices: Specifies how formal notices under the agreement must be given
12. General Provisions: Standard boilerplate clauses including governing law, dispute resolution, etc.
1. Third Party Rights: Required when third parties have rights or obligations under the agreement
2. Employee Matters: Needed when the sale involves transfer of employees
3. Intellectual Property: Required when IP assets are part of the sale
4. Post-Completion Obligations: Used when there are ongoing obligations after completion
5. Non-Competition: Include when restricting seller's future competitive activities
6. Tax Indemnities: Required for complex transactions with specific tax implications
7. Environmental Matters: Needed when environmental liabilities are a concern
8. Property Matters: Required when real property is involved in the sale
1. Schedule 1 - Assets: Detailed list of assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Purchase Price Calculation: Detailed breakdown of purchase price components and adjustments
4. Schedule 4 - Completion Obligations: Checklist of documents and actions required at completion
5. Schedule 5 - Warranties: Detailed warranties given by the seller
6. Schedule 6 - Disclosed Matters: List of matters disclosed against the warranties
7. Appendix A - Form of Transfer Documents: Templates for transfer documentation
8. Appendix B - Power of Attorney: Form of power of attorney if required
Authors
Retail
Manufacturing
Professional Services
Technology
Real Estate
Agriculture
Hospitality
Construction
Healthcare
Transport and Logistics
Education
Mining and Resources
Financial Services
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Commercial Operations
Risk Management
Compliance
Business Development
Executive Leadership
Corporate Secretariat
Chief Executive Officer
Managing Director
Business Owner
Commercial Lawyer
Legal Counsel
Chief Financial Officer
Finance Director
Business Development Manager
Mergers & Acquisitions Manager
Company Secretary
Corporate Advisor
Investment Manager
Business Broker
Commercial Director
Operations Manager
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