Contract for Sale of Business precedents include comprehensive special conditions, Non Complete Deed used where key persons are not owners of the business and front two pages of the Contract for sale of business
Front pages 1 and 2 of Contract for Sale of Business
Standard pages 1 and 2
Non complete deed
Key persons of the vendor, especially where such key persons are not owners of the business and therefore not parties to the contract for sale, may be asked to sign a restraint deed. It is customary to attach the form of the deed to the contract for sale and to request executed copies from key people on settlement.
Special Conditions
A set of comprehensive special conditions
Other documents
Further attachments should take the form of disclosure documents, the most important and common of which is the commercial lease for the premises from which the business in conducted. The wording of the standard terms and some of the special conditions provide hints as to what other documents can be annexed, depending on the nature of the business. When in doubt, attach and disclose.
