tiktok³ÉÈ˰æ

Purchase And Sale Agreement Business Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Purchase And Sale Agreement Business

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Purchase And Sale Agreement Business Template

"I need a Purchase And Sale Agreement Business Template for selling my retail clothing business with three locations in Melbourne, including provisions for seasonal inventory valuation and transfer of lease agreements, with completion planned for March 2025."

Document background
The Purchase And Sale Agreement Business Template is a crucial legal document used in Australian business transactions when transferring ownership of a business from one party to another. It serves as a comprehensive framework for documenting the terms and conditions of the sale, including purchase price, assets transferred, employee arrangements, and warranties. This template is designed to comply with Australian legal requirements, including the Corporations Act 2001, Competition and Consumer Act 2010, and relevant state legislation. It's particularly valuable for businesses of all sizes engaging in sale transactions, providing necessary protections for both vendors and purchasers while ensuring regulatory compliance. The document can be customized to accommodate specific business circumstances while maintaining essential legal safeguards required under Australian law.
Suggested Sections

1. Parties: Identifies and provides full details of the vendor(s) and purchaser(s), including ACN/ABN for companies

2. Background: Contextual information about the business, ownership, and purpose of the sale

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. Sale and Purchase: Core agreement to sell and purchase the business, including the assets being transferred

5. Purchase Price: Details of the purchase price, payment terms, and any adjustments

6. Deposit: Terms relating to the deposit amount, holding, and application

7. Conditions Precedent: Conditions that must be satisfied before completion occurs

8. Pre-Completion Obligations: Obligations of both parties between signing and completion

9. Completion: Details of the completion process, timing, and requirements

10. Post-Completion Obligations: Obligations after completion, including transitional arrangements

11. Warranties and Representations: Vendor's warranties about the business and purchaser's warranties

12. Restraint of Trade: Non-compete and non-solicitation provisions

13. Employees: Treatment of employees, including transfers, entitlements, and redundancies

14. Confidentiality: Obligations regarding confidential information

15. GST: GST treatment of the transaction

16. Default and Termination: Consequences of default and termination rights

17. Dispute Resolution: Process for resolving disputes

18. General Provisions: Standard boilerplate clauses including notices, governing law, etc.

19. Execution: Formal execution blocks for all parties

Optional Sections

1. Third Party Consents: Required when the business has key contracts or licenses requiring consent for transfer

2. Intellectual Property: Detailed section when significant IP assets are involved

3. Environmental Matters: Required for businesses with environmental compliance obligations

4. Property Lease: Required when business premises are leased and the lease is being assigned

5. Stock: Detailed provisions for businesses with significant inventory

6. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

7. International Trade: Required for businesses with international operations or compliance requirements

8. Key Personnel: Important when retention of specific employees is crucial to the business

9. Transition Services: Required when the vendor will provide post-completion assistance

10. Finance and Security: Required when there is vendor financing or specific security arrangements

Suggested Schedules

1. Assets Schedule: Detailed list of all assets included in the sale

2. Excluded Assets Schedule: List of assets specifically excluded from the sale

3. Contracts Schedule: List of business contracts being transferred

4. Employee Schedule: Details of employees, positions, and entitlements

5. Intellectual Property Schedule: List of IP assets including registrations and applications

6. Lease Schedule: Details of any leased premises or equipment

7. Purchase Price Allocation Schedule: Breakdown of purchase price allocation across asset classes

8. Warranties Schedule: Detailed business warranties

9. Encumbrances Schedule: List of any security interests or encumbrances affecting the business

10. Form of Transfer Documents: Pro forma transfer documents for specific assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










































































Clauses











































Relevant Industries

Retail

Manufacturing

Professional Services

Hospitality

Technology

Healthcare

Construction

Transportation

Agriculture

Education

Real Estate

Entertainment

Financial Services

Mining

Energy

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Executive Leadership

Risk & Compliance

Operations

Human Resources

Due Diligence

Commercial

Strategy

Business Development

Relevant Roles

Business Owner

Chief Executive Officer

Managing Director

Chief Financial Officer

Commercial Director

Business Development Manager

Corporate Lawyer

General Counsel

Company Secretary

Financial Controller

Mergers & Acquisitions Manager

Business Broker

Transaction Advisory Manager

Due Diligence Manager

Integration Manager

Risk Manager

Compliance Officer

Operations Director

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Land Purchase Offer

An Australian-compliant template for making formal offers to purchase real property, suitable for use across all Australian jurisdictions.

find out more

Purchase And Sale Agreement Business

An Australian-compliant agreement template for the sale and purchase of business assets and operations, ensuring comprehensive coverage of all aspects of business transfer.

find out more

Contract For Sale Of Land By Offer And Acceptance

An Australian legal document that formalizes property sale transactions, combining the offer and acceptance into a binding contract of sale.

find out more

For Sale By Owner Offer And Acceptance Form

An Australian legal document for direct property sales between seller and buyer without full real estate agent representation, incorporating all essential sale terms and state-specific requirements.

find out more

Private Land Sale Contract

An Australian legal agreement for the private sale of real property, incorporating state-specific requirements and standard conveyancing terms.

find out more

Offer To Purchase Real Estate Form Private Sale

An Australian legal document presenting a formal offer to purchase real estate in a private sale, outlining key terms and conditions of the proposed transaction.

find out more

Contract For The Sale And Purchase Of Land

An Australian law-governed agreement for the transfer of real property between vendor and purchaser, detailing sale terms and conditions.

find out more

Commercial Lease To Purchase Agreement

An Australian law-governed agreement combining a commercial property lease with a purchase option, setting out terms for both leasing and potential acquisition of the property.

find out more

Land Sale Commission Agreement

An Australian legal agreement establishing commission terms and conditions between a property owner and real estate agent for the sale of property.

find out more

Seller Agreement Contract

An Australian-law governed agreement establishing terms and conditions for authorized selling arrangements between a principal company and seller.

find out more

Deed Of Sale Of Property

An Australian legal document that formally transfers property ownership from seller to buyer, complying with state and federal property laws.

find out more

Seller Agreement

An Australian law-governed agreement template establishing the terms and conditions between a company and its authorized seller, including rights, obligations, and commercial terms.

find out more

Purchase Agreement For House

An Australian-compliant residential property purchase agreement template for documenting house sales and transfers, incorporating state-specific legal requirements.

find out more

Property Sale Agreement

An Australian-compliant agreement documenting the legal transfer of real property between a vendor and purchaser, including all essential terms and conditions of sale.

find out more

For Sale By Owner Contract

An Australian-compliant contract template for direct property sales between owners and buyers without real estate agent involvement.

find out more

Addendum To Contract For Residential Sale And Purchase

An Australian legal document that modifies an existing residential property sale contract, ensuring changes are properly documented and legally binding.

find out more

Addendum To Agreement Of Sale

An Australian law-compliant document that modifies an existing Agreement of Sale, documenting agreed changes while maintaining the original agreement's core validity.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.