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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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