For valuable consideration, the Seller agrees to sell and the Buyer agrees to buy this business for the following price and on the following terms:
1. The Seller will sell to the Buyer, free from all liabilities, claims, and indebtedness, the Seller's business, including the premises located at
3. The purchase price will be paid as follows:
At that time, and upon payment by the Buyer of the portion of the purchase price then due, the Seller will deliver to Buyer the following documents:
listed below:
(List other documents)
At closing, adjustments to the purchase price will be made for the following items:
(a) Changes in inventory since this Agreement was made,
(b) Insurance premiums,
(c) Payroll and payroll taxes
(d) Rental payments
(e) Utilities
(f) Property taxes, and
(g) The following other items: (list other items)
8. Seller represents that it has good and marketable title to all of the assets shown on Exhibit A, and that those assets are free and clear of any restrictions on transfer and all claims, taxes, indebtedness, or liabilities except those specified on the Exhibit B Balance Sheet. Seller also warrants that all equipment will be delivered in working order on the date of closing.
miles from this business, for a period of
years from the date of closing.
10. Between the date of this Agreement and the date of closing of the Sale, the Seller agrees to carry on the business in the usual manner and agrees not to enter into any unusual contract or other agreement affecting the operation
of the business without the consent of the Buyer.
11. The Buyer represents that it is financially capable of completing the purchase of this business and fully understands its obligations under this Agreement.
personally came before me and, being duly sworn, did state that he/she is the person who owns the sole proprietorship described in the above document and that he/she signed the above document in my presence on behalf of the sole proprietorship and on his/her own behalf.
personally came before me and, being duly sworn, did state that he/she is the person described in the above document and that he/she signed the above document in my presence.
