oboloo Glossary

Business Sale Agreement

oboloo Glossary

Business Sale Agreement

A Business Sale Agreement is a legally binding contract that outlines the terms and conditions of a sale between two parties. The Agreement outlines the responsibilities of each party in detail, including the purchase price, payment terms, warranties, taxes, and other legal matters. It also provides protection to both parties involved by setting out clear expectations and consequences if those expectations are not met. The Agreement should be written in plain language that is easy to understand so that all parties involved can agree to the terms and conditions therein.