Sale and purchase of an estate agency - BUS 31

Sale and purchase of an estate agency (incorporating provisions for rent roll, listings etc).

Sample

"A The Vendor has for some time carried on the Business.

B The Vendor will on Completion be the owner free from any Encumbrance of the Business Assets.

C The Vendor is party to the Client Contracts in connection with the Business and is the owner of the Rent Roll.

D The Vendor wishes to sell to the Purchaser and the Purchaser wishes to buy from the Vendor the Business and each has respectively agreed so to do on these terms and conditions .

E The Covenantors are the directors of the Vendor.

AGREEMENT FOR SALE AND PURCHASE OF BUSINESS The Vendor agrees to sell, transfer and assign to the Purchaser and the Purchaser agrees to purchase from the Vendor, with effect as and from the opening of business on the Completion Date, free from all mortgages, liens, charges and other encumbrances whatsoever, the Business (sold as a going concern), the Business Assets and the following assets of the Business as at the Completion Date, namely..."