Sale Law Practice Agreement

 Agreement for Sale of Sole Proprietorship Law Practice with Restrictive Covenant
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State:
Multi-State
Control #:
US-02608BG
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Description Sale Proprietorship

The sale of any ongoing business, even a sole proprietorship, can be a complicated transaction. The buyer and seller (and their attorneys) must consider the law of contracts, taxation, real estate, corporations, securities, and antitrust in many situations. Depending on the nature of the business sold, statutes and regulations concerning the issuance and transfer of permits, licenses, and/or franchises should be consulted.

A sale of a business is considered for tax purposes to be a sale of the various assets involved. Therefore it is important that the contract allocate parts of the total payment among the items being sold. For example, the sale may require the transfer of the place of business, including the real property on which the building(s) of the business are located. The sale might involve the assignment of a lease, the transfer of good will, equipment, furniture, fixtures, merchandise, and inventory. The sale may also include the transfer of the business name, patents, trademarks, copyrights, licenses, permits, insurance policies, notes, accounts receivables, contracts, cash on hand and on deposit, and other tangible or intangible properties. It is best to include a broad transfer provision to insure that the entire business is being transferred to the buyer, with an itemization of at least the more important assets to be transferred.

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Agreement Sale Form Other Form Names

Agreement Sale Law Practice   Sole Proprietorship Online   Sale Law Practice   Sole Proprietorship Form Sample   Law Of Sales   Proprietorship Agreement   Sole Proprietorship Application  

Sale Proprietorship Order FAQ

Are restrictive covenants enforceable?

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Are you subject to any restrictive covenants meaning?

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What is a restrictive covenant on a property?

What are some examples of restrictive covenants?

What is a reasonable restrictive covenant?

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