AGREEMENT (Purchase and Sale of a Business)
AGREEMENT made this
day of , by and between , hereinafter referred to as the "SELLER" and , hereinafter referred to as "PURCHASER". ;
WHEREAS, Seller is the owner and operator of a business called and located at and
WHEREAS, the Purchaser desires to purchase the assets of the Seller, including the equipment, inventory on hand, furniture, goodwill, and customer list as more fully set forth in the Agreement; and WHEREAS, the Parties are desirous of effectuating a smooth and efficient transfer of the business being sold and acknowledge that their mutual goodwill and cooperation are essential to this end. NOW THEREFORE, the Parties hereto, in consideration of the mutual covenants and agreements herein contained, do hereby, agree as follows: 1. SALE OF ASSETS. A. The Seller agrees to sell and transfer and the Purchaser agrees to buy the following described business, owned by , now located at , including the use of the name " ", client list, mailing list, stock in trade, good-will, merchandise, furniture, fixtures, equipment, computer with custom software, forms, and Seller 's rights under or to all contracts and deposits made by the Seller in connection with such business, free and clear of any and all liabilities, debts, mortgages, security; interests or other liens or encumbrances, except as herein stated, all more specifically set forth in Schedule "A" attached hereto and made a part hereof. (Optional, to be used if leased equipment is being transferred) B. The Seller hereby transfers and assigns to the Purchaser, to the extent of Seller's interest, if any, as of the date of closing, all business equipment leased by the Seller, as set forth in Schedule "A", providing that the Purchaser assumes sole responsibility, as of the date of closing, for all costs, damages and return of any such items and holds the Seller indemnified, free and harmless from same. 2. PURCHASE PRICE. The purchase price shall be and /100...