Download this business purchase agreement to outline the terms and conditions of the sale and purchase of a business, including assets, liabilities, and intellectual property.
Word Document (.docx)
Ready to use legal template
Drafted by experienced lawyers
Compliant with Malaysian law
Ready to use legal template
Drafted by lawyers
Compliant with Malaysian law
A business purchase agreement, also known as a purchase and sale agreement or a business acquisition agreement, is a legally binding document that outlines the terms and conditions of a transaction involving the sale and purchase of a business. It serves as a comprehensive contract between the buyer and the seller, specifying the rights, obligations, and responsibilities of both parties throughout the acquisition process. Themis Partner offers you an easy to edit Business Purchase Agreement drafted by lawyers to comply with the law in Malaysia.
It is a legally binding contract that outlines the terms and conditions governing the sale and purchase of a business. It is a comprehensive document that specifies the rights, obligations, and responsibilities of both the buyer and the seller throughout the acquisition process. It typically covers various aspects, such as the purchase price, payment terms, assets and liabilities included in the sale, representations and warranties, non-compete clauses, and any specific conditions or contingencies that need to be fulfilled for the sale to be finalised. This agreement plays a crucial role in protecting the interests of both parties and ensuring a smooth and transparent transfer of ownership and assets.
Using a Business Purchase Agreement, along with a Shareholders Agreement, is crucial for several reasons:
| ➤ A Business Purchase Agreement provides a formal and comprehensive framework for the sale and purchase of a business, covering aspects such as the purchase price, payment terms, assets and liabilities, representations, and conditions. |
| ➤ It ensures clarity and protects the interests of both the buyer and the seller. |
| ➤ Additionally, a Shareholders Agreement governs the relationship among the shareholders of the company, addressing matters such as ownership rights, decision-making processes, profit sharing, and dispute resolution. |
| ➤ By having both agreements in place, it establishes clear expectations, rights, and obligations for all parties involved, reduces the risk of conflicts, and provides a solid legal foundation for the business acquisition. |
| ➤ These agreements help protect investments, promote transparency, and provide a framework for the successful operation and growth of the business. |
