Checklist Sale of a Business

This checklist sale of a business template has 4 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our checklist sale of a business template:

CHECKLIST SALE OF A BUSINESS The Sale Agreement should include the following items and terms: Identification of parties Names Addresses Character of each party Corporation Sole proprietorship Professional practitioner Recitals Business or profession conducted by seller Desire of seller to sell and buyer to buy Desire of seller to retire Assets subject to agreement Business building and other real property Good will; use of firm name or customer lists Stock in trade Equipment, furniture, and fixtures Patents, copyrights, trademarks, and trade names Cash on hand and on deposit Insurance policies Notes and accounts receivable, securities for debts, and outstanding contracts Other assets Valuation of assets sold Nature of consideration Payment of money Assumption of debts and liabilities Other consideration Allocation of purchase price to various assets sold Time and manner of payment All cash on closing Part payment on signing and balance on closing Deposit held in escrow until closing Installment payments Mortgage or other collateral security Forfeiture of deposit for default in paying purchase price Other methods of payment Personal guaranty of payment by buyer Closing Delivery of instruments of transfer Payment of purchase price Acquisition of necessary rulings and approvals Conduct of business until closing Date of closing Inspection of assets sold Inspection of books, records, and premises Furnishing of customer list Furnishing of supplier list Representations by seller