A Business Purchase Agreement is a formal contract used when two parties are entering into an agreement for the sale and purchase of a business. The agreement outlines the details of the sale, including when and how payment will be made, what assets and liabilities will be included in the sale, and any other terms agreed upon by both parties. This document serves as a binding agreement and gives both buyers and sellers legal protection in the event of a dispute. It’s important to ensure that all the necessary details are included in the Business Purchase Agreement to give it maximum strength and clarity.