Introduction
This Heads of Agreement for Sale of Business is designed to record the key commercial terms agreed between a buyer and seller before entering into a formal business sale contract.
It outlines the proposed structure of the transaction, including the purchase price, deposit arrangements, settlement terms and other essential deal components.
The document provides a clear framework for progressing the transaction while allowing the parties to finalise and negotiate a detailed Business Sale Agreement.
This template is practical, easy to use and suitable for documenting business sale negotiations at an early stage.
This document allows you to lock in key deal terms early, reducing uncertainty and helping prevent disputes before committing to a full Business Sale Agreement.
What is a Heads of Agreement for Sale of Business?
A Heads of Agreement for Sale of Business is a document used to record the key terms of a proposed business sale before a formal contract is prepared.
It typically includes details such as the purchase price, deposit, settlement date and any conditions that must be satisfied before the transaction proceeds.
This type of document is commonly used to ensure both parties are aligned on the main commercial terms before incurring the time and cost of preparing a full agreement.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Document Covers
• Business sale terms
• Purchase price and deposit
• Settlement arrangements
• Key transaction conditions
• Framework for formal contract
Key Provisions Included
• Purchase price breakdown
• Deposit structure and timing
• Settlement and completion terms
• Restraint provisions
• Training and transition arrangements
Typical Use
• Sale of small to medium businesses
• Pre-contract negotiations
• Buyer and seller agreements in principle
• Business acquisition planning
• Early-stage transaction structuring
Download Details
• Professionally drafted legal precedent• Suitable for Australian use
• Fully editable Microsoft Word document
• Includes Editing Legal Documents Guide
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Also Known As
This document may also be referred to as:
• Business sale heads of agreement
• Sale of business term sheet
• Business purchase heads of agreement
• Agreement in principle for business sale
• Business sale MOU
 Frequently Asked Questions
Is this document legally binding?
This document is generally intended to record the agreed commercial terms, however only certain provisions (such as deposits and costs) may be binding depending on how it is used.
Do I still need a Business Sale Agreement?
Yes. This document is typically used before preparing a full Business Sale Agreement, which contains more detailed legal terms.
What terms are included in this document?
It includes key terms such as purchase price, deposit structure, settlement date, restraint provisions and other important deal conditions.
Is this document editable?
Yes. The template is fully editable in Microsoft Word and can be tailored to suit your transaction.
Heads of Agreement – Sale of Business – Instant Download
• Business sale heads of agreement template
• Includes purchase price and deposit structure
• Includes settlement and restraint provisions
• Includes training and transition terms
• Includes Editing Legal Documents Guide
• Fully editable Microsoft Word document
• Suitable for Australian legal use
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.
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