Agreement Of Sale Of A Business

(d) The seller has complied and does not violate all applicable federal, regional and municipal laws, laws and regulations that affect the seller`s characteristics or seller`s activity. (a) It is qualified according to state laws to continue the activity in the current and exploited activity. When a buyer takes over a credit, mortgage or credit balance, he assumes responsibility for the business. Buyers can cover some or all of the debts that the seller has incurred over the life of the business. For tax reasons, the price section also defines the distribution of the purchase amount between the categories defined by the Domestic Revenue Service. To pay only long-term capital gains taxes, sellers generally prefer the sale of shares or shares, as they treat the transaction as the sale of a capital and can thus pay the long-term rate of return when a profit is made at the time of sale. (e) until the closing date, it will operate in the usual and usual manner and will not enter into a contract unless necessary in the context of the proper execution of the transactions. The buyer has expressed an interest in buying the store from the seller. 7. Bund Do not compete. The seller shall not exercise, directly or indirectly, a business similar to that of the transaction for a period of -1 years from the closing date or as long as the buyer or his successors perform a similar transaction, depending on the first date. For the purposes of this agreement, „companies similar to those participating in this transaction“ apply – In addition, all the benefits of this sales contract are available to the parties alone, under no circumstances can a third party beneficiary participate in this agreement in accordance with the applicable terms and conditions. 5.

The seller agrees with the buyer not to engage in a similar transaction within a perimeter of the buyer`s business. 3. The seller and the buyer sell the transaction in question of the seller, which is transported in the name and style of the _____for of a Rs sale. – The buyer has paid the seller an advance amount of _____by cash and the seller confirms the receipt of the seller. The buyer must pay the balance of the balances within days of the date of execution of this contract. All the conditions and guarantees contained in this business purchase agreement will survive the conclusion of this sale. 3. Distribution of the purchase price. The purchase price is allocated to the various assets of the company as follows: the agreement describes in detail the transferred assets.