tiktok³ÉÈ˰æ

Business Sell Agreement Template for United States

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

4.6 / 5
4.8 / 5

Let's create your Business Sell Agreement

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:

Business Sell Agreement

"I need a Business Sale Agreement for selling my small tech consultancy company with 15 employees to a larger corporation, including specific provisions for protecting our intellectual property and ensuring a smooth transition of our ongoing client contracts."

Document background
The Business Sale Agreement is essential when transferring ownership of a business in the United States. This document is used whether selling an entire business or its assets, and can be adapted for various transaction structures including stock sales, asset sales, or merger transactions. The agreement typically includes detailed provisions about the business valuation, payment terms, warranties, representations, employee matters, and post-closing obligations. It's crucial for protecting both parties' interests and ensuring a smooth transition of ownership while complying with federal and state regulations.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background/Recitals: Context of the sale and basic information about the business being sold

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including purchase price and what is being sold

5. Purchase Price and Payment Terms: Detailed breakdown of consideration and payment structure

6. Closing Conditions: Prerequisites that must be met before the sale can complete

7. Seller's Warranties and Representations: Statements of fact about the business, assets, and liabilities

8. Buyer's Warranties and Representations: Statements regarding buyer's capacity and authority to purchase

9. Covenants: Ongoing obligations of both parties

Optional Sections

1. Non-Compete Provisions: Restrictions on seller's future business activities - include when protecting goodwill of the business being sold

2. Employee Matters: Treatment of existing employees - include when business has employees being transferred

3. Intellectual Property: Special provisions for IP transfer - include when significant IP assets are involved

4. Earn-out Provisions: Future payment terms based on performance - include when part of purchase price is contingent on future performance

Suggested Schedules

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

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

3. Assumed Liabilities Schedule: List of liabilities being transferred to buyer

4. Contracts Schedule: List of contracts being transferred

5. Employee Schedule: List of employees and their key terms of employment

6. Intellectual Property Schedule: Detailed list of IP assets being transferred

7. Real Property Schedule: Details of any real estate included in the sale

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

Clauses






























Industries

Securities Exchange Act: Federal law governing the sale of securities, crucial if the business sale involves transfer of stocks or securities

Hart-Scott-Rodino Antitrust Improvements Act: Federal legislation requiring large transactions to be reviewed for potential antitrust implications

Internal Revenue Code: Federal tax regulations affecting the structure and tax implications of the business sale

Bulk Sales Laws (UCC Article 6): Laws governing the transfer of business inventory and assets to protect creditors

Federal Trade Commission Act: Legislation protecting against unfair competition and deceptive practices in business transactions

WARN Act: Worker Adjustment and Retraining Notification Act requiring advance notice of significant employment changes

ERISA: Employee Retirement Income Security Act governing employee benefits and pension plans during business transfers

State Corporation Laws: State-specific regulations governing corporate entities and their transfer

Uniform Commercial Code: Standardized commercial laws adopted by states governing business transactions

Fair Labor Standards Act: Federal law establishing standards for wages, overtime, and employment conditions

Intellectual Property Laws: Laws protecting patents, trademarks, copyrights, and trade secrets in business transfers

Environmental Regulations: Federal and state environmental laws affecting business operations and liability transfer

State Licensing Requirements: State-specific permits and licenses needed for business operation and transfer

State Employment Laws: State-specific regulations governing employment relationships and worker rights

State Tax Laws: State-specific tax regulations affecting business transfers and ongoing operations

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

Vacant Land Sale Contract

A U.S. legal agreement governing the sale and purchase of undeveloped land, incorporating state and local property regulations.

find out more

Real Estate Buy And Sell Agreement

A U.S. legal contract governing the sale and purchase of real property, compliant with federal and state-specific real estate laws.

find out more

Business Sell Agreement

A U.S. legal document governing the sale and purchase of a business, including terms, conditions, and obligations of all parties involved.

find out more

Apartment Sales Contract

A U.S.-compliant contract governing the sale and purchase of apartment properties, incorporating federal and state-specific real estate regulations.

find out more

Residential Real Estate Purchase Contract

A legally binding agreement for residential property transactions in the United States, outlining terms and conditions of sale between buyer and seller.

find out more

Buyout Agreement

A U.S.-governed agreement that documents the terms and conditions for purchasing ownership interests or assets of a business.

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.