Buy Price
Category:
State:
Multi-State
Control #:
US-00625BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement for Sale of Business by Sole Proprietorship with Purchase Price Contingent on Audit is a comprehensive legal document outlining the terms under which a seller agrees to sell assets and the buyer agrees to purchase those assets. A key feature of this agreement is the stipulation of the Buy price, which is explicitly stated and may adjust based on an audit of the seller's financials. The purchase price is subject to adjustments as described in Section V, ensuring transparency in the final cost based on the net assets. For attorneys, partners, and owners, this form facilitates structured negotiations and provides clarity on liabilities to be assumed by the buyer. Paralegals and legal assistants can utilize this form to manage the due diligence process and ensure all necessary financial statements are prepared and audited in accordance with the agreement. Users should fill out the form carefully, confirming all sections are completed, especially regarding the Buy price and any potential adjustments. This agreement is particularly useful in transactions where financial transparency is crucial, helping to safeguard both parties during the sale process.
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