Invitation and conditions of offer to purchase (tender) - BUS 12

If you want to sell your business to one of a number of interested parties, this is the document you will need to use. You set the guidelines of how you want the purchase price etc to be determined and you will then select the purchaser of your business from the tender process thereafter.

Sample

"7  Property

The property is the subject of these Conditions of Offer to Purchase.

8   Invitation to Offer to Purchase

8.1 Persons desiring to tender must insert in the Contract:-

* in Schedule 1, opposite each asset being tendered for, the amount offered and amount of the Total Offer;

* the full name and address of the Purchaser;

* in clause 4, the Price offered;

* in clause 6, the amount of the preliminary deposit and the amount of the further deposit;

* in clause 18, insert Notice particulars;

* delete any clause relating to assets the Tenderer is not tendering for; and

* if the Tenderer desires an assignment of a Lease tick the appropriate Lease in Schedule 6 and insert an amount that the Tenderer would be prepared to pay if the assignment is agreed to, opposite that Lease in Schedule 6;"