ºÚÁÏÊÓÆµ

Agreement For The Sale Of A Business Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Agreement For The Sale Of A Business

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Agreement For The Sale Of A Business

"I need an Agreement for the Sale of a Business for transferring ownership of my mid-sized software development company based in Bangalore, with specific provisions for protecting intellectual property rights and managing the transition of 50+ employees, planned for completion by March 2025."

Document background
The Agreement For The Sale Of A Business is a crucial document used when transferring ownership of an entire business enterprise in India. It is governed by multiple Indian laws, primarily the Indian Contract Act, 1872, and the Companies Act, 2013, along with various other sector-specific regulations. This agreement becomes necessary when a business owner wishes to sell their enterprise, whether due to retirement, strategic exit, or other business reasons. The document comprehensively covers all aspects of the transaction, including asset transfer, employee transitions, liabilities, warranties, and post-sale obligations. It requires careful consideration of Indian legal requirements, tax implications, and regulatory approvals, particularly regarding foreign investment restrictions if applicable. The agreement serves as the primary reference document for the entire transaction and future obligations of all parties involved.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal details

2. Background: Context of the transaction, description of the business, and purpose of the agreement

3. Definitions and Interpretation: Defined terms and rules of interpretation

4. Sale and Purchase: Core transaction terms including what is being sold and purchased

5. Purchase Price: Consideration, payment terms, adjustments, and earn-out provisions if any

6. Conditions Precedent: Prerequisites that must be satisfied before completion

7. Pre-Completion Obligations: Parties' obligations between signing and completion

8. Completion: Mechanics of closing, including timing, location, and deliverables

9. Assets and Liabilities: Detailed description of assets included/excluded and treatment of liabilities

10. Seller's Representations and Warranties: Statements of fact and assurances about the business

11. Purchaser's Representations and Warranties: Statements of fact and assurances from the purchaser

12. Employee Matters: Treatment of employees and related obligations

13. Tax Matters: Allocation of tax liabilities and obligations

14. Indemnification: Compensation for losses and breach of warranties

15. Restrictive Covenants: Non-compete and non-solicitation obligations

16. Confidentiality: Protection of confidential information

17. Notices: Communication procedures between parties

18. General Provisions: Boilerplate clauses including governing law, jurisdiction, etc.

Optional Sections

1. Intellectual Property: Specific provisions for transfer of IP rights, when business has significant IP assets

2. Real Estate: Provisions relating to transfer of property, when business includes real estate

3. Environmental Matters: Environmental warranties and indemnities, for businesses with environmental risks

4. International Trade: Provisions dealing with import/export licenses and compliance, for businesses with international operations

5. Data Protection: Specific provisions for handling personal data, for businesses processing significant personal data

6. Regulatory Compliance: Industry-specific regulatory requirements and approvals

7. Post-Completion Services: Transitional services arrangements, if seller will provide support post-completion

8. Earn-out Provisions: Detailed mechanics for additional payments based on future performance

9. Third Party Consents: Process for obtaining required third party approvals

10. Working Capital Adjustment: Mechanism for adjusting purchase price based on working capital at completion

Suggested Schedules

1. Schedule 1: Assets: Detailed list of assets included in the sale

2. Schedule 2: Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3: Properties: Details of any real estate included in the sale

4. Schedule 4: Intellectual Property: List of all IP rights being transferred

5. Schedule 5: Material Contracts: Key contracts being transferred

6. Schedule 6: Employees: List of employees and their key employment terms

7. Schedule 7: Completion Deliverables: Documents and items to be delivered at completion

8. Schedule 8: Warranties: Detailed warranties given by the seller

9. Schedule 9: Disclosed Matters: Disclosures against the warranties

10. Schedule 10: Purchase Price Calculation: Detailed methodology for calculating final purchase price

11. Appendix A: Form of Transfer Instruments: Templates for various transfer documents

12. Appendix B: Board Resolutions: Pro-forma board resolutions required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























































Clauses








































Relevant Industries

Manufacturing

Retail

Technology

Professional Services

Healthcare

Hospitality

Real Estate

Construction

Financial Services

Education

Transportation

Logistics

Entertainment

Food and Beverage

Agriculture

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Human Resources

Operations

Compliance

Risk Management

Tax

Strategy

Due Diligence

Relevant Roles

Chief Executive Officer

Managing Director

Business Owner

Chief Financial Officer

General Counsel

Corporate Lawyer

Business Development Manager

Mergers & Acquisitions Director

Company Secretary

Finance Director

Operations Director

Human Resources Director

Due Diligence Officer

Integration Manager

Transaction Advisory Manager

Risk Management Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Generic Real Estate Sales Contract

Standard real estate sales agreement under Indian law for property transfer between seller and purchaser, incorporating key statutory requirements and transaction terms.

find out more

Buy And Sell Agreement (Insurance)

An Indian law-governed agreement establishing terms for insurance product sales between insurers and purchasers, compliant with IRDAI regulations.

find out more

Residential Real Estate Sales Contract

An Indian law-governed contract for the sale and purchase of residential real estate, establishing terms and conditions for property transfer.

find out more

Agreement For Flat Sale

An Indian law-governed agreement that documents the terms and conditions for the sale of a residential flat between seller/developer and purchaser, compliant with RERA regulations.

find out more

Shop Selling Agreement

An Indian law-governed agreement for the sale and transfer of ownership of commercial shop premises, including all terms and conditions of the transaction.

find out more

Sales Agreement For Mobile Home

An Indian law-governed agreement for the sale and purchase of mobile homes, covering specifications, payment terms, delivery, and warranties.

find out more

Agreement For Purchase Of Goods

An Indian law-governed agreement establishing terms and conditions for the purchase and sale of goods between parties.

find out more

Buy Sell Contract

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods, including pricing, delivery, and warranties.

find out more

Agreement Of Sale Of Immovable Property

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of immovable property between parties.

find out more

Letter Of Intent For Property Sale

A preliminary document under Indian law that outlines the basic terms and intentions for a proposed property sale transaction.

find out more

Standard House Sale Contract

An Indian law-compliant contract for the sale and purchase of residential property, incorporating essential terms and conditions under relevant property legislation.

find out more

Sales With Buyback Agreement

An Indian law-governed agreement establishing terms for sale of goods with a guaranteed buyback provision by the original seller.

find out more

Real Estate Purchase Agreement Contract

An Indian law-governed agreement documenting the legal transfer of real estate property from seller to purchaser, including all essential terms and conditions.

find out more

Private Sale Of House Contract

An Indian law-compliant contract between private parties for the sale and purchase of residential property, detailing terms of sale and transfer of ownership.

find out more

Lot Sale Contract

An Indian law-governed agreement for the sale and purchase of land/lot, including property details, payment terms, and transfer provisions.

find out more

Contract For Deed Purchase Agreement

An Indian law-compliant agreement for installment-based property purchase where the seller retains title until full payment is received.

find out more

Contract To Buy And Sell

An Indian law-compliant agreement documenting the transfer of ownership of property or goods from seller to buyer, including terms, conditions, and consideration.

find out more

Basic Real Estate Purchase Agreement

A standardized agreement for property sales in India, outlining terms and conditions for property transfer in compliance with Indian property laws.

find out more

Advance Agreement For Sale Of House

An Indian law-governed agreement outlining terms and conditions for a future house sale, including advance payment terms and completion timeline.

find out more

Agreement For The Sale Of A Business

An Indian law-governed agreement that documents the terms and conditions for the complete transfer of ownership of a business from seller to purchaser, including all relevant assets, liabilities, and obligations.

find out more

Residential Resale Real Estate Purchase Contract

An Indian law-governed contract for the purchase and sale of existing residential property, outlining terms, conditions, and obligations of both parties.

find out more

As Is Home Sale Contract

An Indian law-compliant contract for the sale of residential property in its current condition, without warranties about the property's state.

find out more

Standard Real Estate Purchase Contract

A standardized contract for real estate purchase transactions in India, compliant with Indian property laws and regulations, detailing property transfer terms and conditions.

find out more

Contract For Sale Of House And Land

An Indian law-governed agreement for the transfer of house and land ownership, detailing property specifics, purchase terms, and transfer conditions.

find out more

Stock Purchase And Sale Agreement

An Indian law-governed agreement documenting the terms and conditions for the purchase and sale of company shares, ensuring regulatory compliance and transaction certainty.

find out more

Private Property Sale Agreement

A legally binding agreement under Indian law for the sale and transfer of private property between parties, governed by the Transfer of Property Act and state-specific regulations.

find out more

Real Estate Offer To Purchase Contract

An Indian law-compliant contract documenting a formal offer to purchase real estate property, including essential terms and conditions of the proposed transaction.

find out more

Simple Land Purchase Agreement

An Indian law-compliant agreement documenting the sale and purchase of land between parties, including essential terms and conditions for property transfer.

find out more

Apartment Sales Contract

An Indian law-compliant agreement for the sale and purchase of residential apartments, conforming to RERA and property transfer regulations.

find out more

Sell And Buy Agreement

An Indian law-governed agreement detailing terms and conditions for the sale and purchase of goods or assets between parties, ensuring legal compliance and protection of both parties' interests.

find out more

Offer And Agreement To Purchase

An Indian law-governed document that formalizes a property purchase offer and agreement, detailing terms, conditions, and obligations of both buyer and seller.

find out more

Land Purchase And Sale Agreement

An Indian law-governed agreement detailing the terms and conditions for transferring land ownership from seller to buyer, ensuring compliance with Indian property laws and regulations.

find out more

Sell And Buy Back Agreement

An Indian law-governed agreement structuring the sale of assets with a commitment to repurchase at a future date and predetermined price.

find out more

Business Buy And Sell Agreement

An Indian law-governed agreement facilitating the complete transfer of business ownership, detailing sale terms, conditions, and regulatory compliance requirements.

find out more

Residential Real Estate Purchase Contract

An Indian law-governed agreement for the purchase and sale of residential real estate property, outlining transaction terms and ensuring legal compliance.

find out more

Commercial Sales Contract

An Indian law-governed agreement setting out terms and conditions for commercial sale of goods between businesses, compliant with Indian contract and sales legislation.

find out more

Agreement Of Sale Contract

An Indian law-governed agreement documenting the transfer of ownership from seller to purchaser, including terms, conditions, and regulatory compliance requirements.

find out more

Sale And Buy Back Agreement

An Indian law-governed agreement facilitating asset sale with predetermined buyback terms, ensuring legal compliance and protection for all parties.

find out more

Buyout Agreement

An Indian law-governed agreement documenting the complete acquisition of a business, its assets, or shares, detailing purchase terms and compliance requirements.

find out more

Partnership Buyout Agreement

An Indian law-governed agreement facilitating the purchase of a departing partner's interest in a partnership by remaining partners or the firm.

find out more

Asset Purchase And Sale Agreement

An Indian law-governed agreement facilitating the transfer of ownership of specified assets from seller to buyer, detailing terms, conditions, and compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.