© Copyright Envision SBS. 2007. All rights reserved. Protected by the copyright laws of the United States & Canada and by international treaties. IT IS ILLEGAL
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AGREEMENT OF PURCHASE
AND SALE OF BUSINESS ASSETS
This Agreement of Purchase and Sale (the “Agreement”) is made in two original copies, effective [DATE]
BETWEEN:
[YOUR COMPANY NAME] (the "Vendor"), a company organized and existing
under the laws of the [State/Province] of [STATE/PROVINCE], with its head
office located at:
[YOUR COMPLETE ADDRESS]
AND:
[PURCHASER NAME] (the "Purchaser"), an individual with his main address
located at OR a company organized and existing under the laws of the
[State/Province] of [STATE/PROVINCE], with its head office located at:
[COMPLETE ADDRESS]
1.
SUBJECT-MATTER
1.1
The Purchaser agrees to buy and the Vendor agrees to sell to the Purchaser as a going concern all
the undertaking and assets owned by the Vendor in connection with the [TYPE OF BUSINESS]
business carried on as [YOUR COMPANY NAME] at [YOUR COMPLETE ADDRESS] (the "business")
including, without limiting the generality of the foregoing:
a)
The furniture, fixtures and equipment more particularly described in Schedule A (the
"equipment");
b)
All saleable stock in trade (the "stock in trade");
c)
All useable parts and supplies (the "parts and supplies");
d)
All leasehold interest in the lease held by the Vendor from [NAME OF LANDLORD] (the
"lease");
e)
The goodwill of the business together with the exclusive right to the Purchaser to represent
itself as carrying on business in succession to the Vendor and to use the business style of the
business and variations in the business to be carried on by the Purchaser (the "goodwill").
1.2
The following assets are expressly excluded from the purchase and sale:
[LIST EXCLUSIONS, e.g. cash on hand or on deposit, accounts receivable, book and other debts due
or accruing due].
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