Identify the parties involved in the transaction. 2. The following information has been developed to answer your questions regarding formation of an LLC and to assist in the filing of the Articles of Organization.It will also need to include the information of the business being sold, such as name, location, description, and business entity type. A business purchase agreement (BPA) is a legal document between a buyer to acquire the full ownership of an entity from a seller for a sales price. THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of. This Primer provides a general overview of City contracting processes and solicitation methods. 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.