The easiest way to create a Business Purchase Agreement is to use a template that is customized to your state. A business purchase agreement should detail the names of the buyer and seller at the start of the contract.While you can use this form to summarize your purchase agreement, we may require additional documents during the review process. This guide will help you understand how to fill out and sign a business purchase agreement template so that everyone's best interests are protected. Download our business purchase agreement templates for free, and ensure that you have a smooth and easy sale process. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.