Contracts and Agreements to sell a small businessCommon Agreements and Contracts

As you are working with a potential business buyer, you will want to have certain agreements and contracts with the buyer to protect yourself and your business.

In our FSBOBiz Package,  we offer contracts to complete the sale of an entire business or just the assets of the business valid for all states.

There are many contracts, agreements and other legal documents that have to be read, understood and signed before a business can change hands.

These documents include:

  • Buyers Non-disclosure
  • Letter of Intent
  • Purchase Agreement
  • Written Consent of Directors/Members
  • Promissory Note
  • Transition Agreement
  • Covenant Not to Compete
  • Bill of Sale
  • List of Exhibits

The list of exhibits can include many items.  The most prevalent items are, equipment list, customer accounts, asset lists and purchase price allocations.

Whether a person sells their business themselves or with the help of a broker, it is always a best practice to have an attorney create and/or review any documents before they are signed.

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Posted on Oct 1, 2013

Contact Info – David Bandars

 12110 Port Grace Blvd. #201, LaVista, NE 68128