Introduction
This sale of business contract template is designed for transactions involving the sale of a business and its assets from a vendor to a purchaser.
The contract covers the transfer of business assets, goodwill, contracts, intellectual property and other business interests, together with provisions addressing completion procedures, employee matters and restrictive covenants.
The precedent also includes detailed vendor warranties, limitations of liability and post-completion obligations commonly used in business sale transactions.
This template has been prepared with reference to business sale practices in New South Wales and includes practical checklists used by lawyers when acting in business sale matters.
Professionally Drafted Legal Precedent
Prepared by Australian legal professionals, this precedent provides a practical framework for use with the Contract for Sale and Purchase of Land 2026.
The document is fully editable in Microsoft Word and ready for immediate use.
At A Glance
What This Document Covers
• Sale of business assets and goodwill
• Transfer of contracts and intellectual property
• Employee and liability provisions
• Completion procedures and post-completion obligations
What This Document Covers
• Sale of business assets and goodwill
• Transfer of contracts and intellectual property
• Employee and liability provisions
• Completion procedures and post-completion obligations
Typical Use
• Sale of small and medium businesses
• Business acquisitions involving asset transfers
• Transactions requiring vendor warranties
• Commercial business sale transactions
Download Details
• Lawyer-drafted sale of business contract precedent
• Includes practical NSW business sale checklists
• Fully editable Microsoft Word documents
• 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
Frequently Asked Questions
What is a sale of business contract?
A sale of business contract is a legal agreement documenting the transfer of ownership of a business from a vendor to a purchaser. It typically addresses the sale of assets, goodwill, contracts, intellectual property and the terms of completion.
What does a business sale contract usually include?
Business sale contracts commonly include provisions dealing with the assets being sold, purchase price, completion arrangements, vendor warranties, employee matters and post-completion obligations.
Is this contract suitable for NSW business sales?
Yes. This precedent has been prepared with reference to business sale practices in New South Wales and includes checklists aligned with the Law Society and REINSW business sale process.
Why are checklists useful in business sale transactions?
Checklists assist lawyers and advisers in managing the steps required in a business sale transaction, including exchange, settlement and post-completion matters.
Also Known As
Sale of business contracts may also be referred to as:
• Business Sale Agreement
• Contract for Sale of Business
• Business Asset Sale Agreement
• Business Transfer Agreement
These agreements document the terms on which a business and its assets are transferred from a vendor to a purchaser.
What’s Included
This package includes the following documents:
• Sale of Business Contract (NSW)
• Vendor Business Sale Transaction Checklist
• Law Society / REINSW Business Sale Completion Checklist
• Business Sale Warranty Checklist
These documents provide both the legal agreement and practical guidance for lawyers handling business sale transactions.
Used by lawyers, businesses and commercial operators across Australia.
Sale of Business Contract – Instant Download
• Lawyer-drafted sale of business contract precedent
• Includes three practical NSW business sale checklists
• Vendor transaction checklist included
• Settlement and completion checklist included
• Business warranty checklist included
• Fully editable Microsoft Word documents
• Instant download available immediately after purchase
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.