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Business Purchase Agreement

Agreement that needs to be executed while purchasing any business

Service Price  ₹ 10000  6999

 

Business Purchase Agreement


About Topic

 

At times sale of Business / Part of a Business may be required with some objective. In that case the Seller and the Buyer od the Business  need to execute one Agreement writing down the terms, conditions, sale consideration and other required clauses. That agreement is called as Business Purchase Agreement.

 

Eg: Anil is interested to purchase the  Partnership Firm Business of Sunil & Sushma (Sellers). The business is trading of Cement with turnover of  50 Lakh per anam. Now Anil and Sellers shall come to an understanding for sale of the business. That understanding shall be recorded in the form of Business Purchase Agreement, so that both the parties will have clarity over the transaction and its consequences.

 

Likewise when one selling his Private Limited Company to other or when one Partner selling his shares in a Partnership Firm to some other, they shall enter in to Business Purchase Agreement.   

 

Benefits

 

  • Clarity over Rights & Obligation of both the Parties
  • No confusion in future
  • Supports for Income Tax Returns submission
  • Avoid legal litigations

 

 

Documents Required

 

  • Details of the Transaction
  • Particulars of the Purchaser and Seller
  • KYC of the Firm / Company and Parties
  • Registration Certificate of the Firm / Company
  • Partnership Deed / MOA & AOA
  • Other Supporting Documents

 

Time Lines

 

  • 2-3 working days

 

Deliverables

 

  • Draft Agreement for discussion
  • Final Agreement for Execution
  • Supporting Forms / Declarations
  • Do's and Don'ts' of the Transaction 

 

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