The Deed of Sale of Business is a document that establishes the terms and conditions by which ownership of a business is transferred from the seller to the buyer. It outlines details such as the purchase price, names of parties involved, transfer of assets, liabilities, any restrictive covenants between the parties, provisions for warranties and guarantees, and other relevant information regarding the sale. This legal document safeguards both the seller and the buyer from any complications that may arise from the transaction.