The last review of our contract to purchase a business was
completed in 2008 by a licensed
California attorney.
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Below are contracts we offer to assist you with buying a business:
1)
Letter of Intent to Purchase a California Business - A letter of intent to purchase
a business is used by the buyer and seller to determine
whether there is sufficient agreement between them to
continue with the purchase and sale of the
business.
When a letter of intent is drafted, it
normally sets forth the basic terms of the proposed
transaction and is a non-binding agreement. In this way if
there is a disagreement about the transaction, the buyer has
not wasted time and money preparing a detailed purchase
agreement.
Once the letter of intent is signed, the buyer will usually
begin the due diligence period where they will investigate the
business of the seller with or without the help of a CPA and
attorney. The length of this due-diligence period will depend
on the time frame
agreed between buyer and seller.
We offer you a professional attorney-drafted letter of intent
to buy only the assets of a business or a letter of intent to
buy the entire business.
2) California Business Purchase Agreement
- We provide you with an attorney-drafted business purchase
and sale agreement. A business purchase agreement states what is
being purchased, by whom, for how much, and when. Often it will also contain a "non-compete" clause which
prevents the seller from restarting or being involved in a
similar business within a set distance of the business being
sold, and for a set time from the date of sale.
Also included is a sample business purchase and sale
agreement that has been filled out. This sample
shows what a completed agreement would look like.
We offer you an attorney-drafted business purchase and sale
agreement, a sample agreement filled out and bill of sale.
3)
Indemnity Agreement to Protect Buyer - An indemnity agreement is a contract where one party agrees
to defend another party against future lawsuits or claims.
Even if a buyer and their professionals have thoroughly gone
over the sellers books, something may have been overlooked. An
indemnity agreement signed by a seller will protect the buyer
against future lawsuits, losses and claims for something the
owner did, or neglected to do. By signing the indemnity
agreement the seller would agree to pay all judgments, fines,
or penalties should they be imposed on the buyer after the sale of the business.
We offer you a professional attorney-drafted indemnity
agreement to protect the buyer.
4) Report on Purchasing a Business
and
Due Diligence
Checklist There are many things that have to be done
before, during, and after you buy a business. Our 10-page
report on buying a business will give you a solid overview of
the buying process along with a due diligence checklist of
things that should be done before and after the closing. This
will save you time, money, and help reduce your chances of
overlooking important issues.
Fast and easy checkout, available for immediate download
after ordering. Technical support is available 7 days a week should you need help accessing your forms. |
