A business sale contract is like a sales contract that documents the purchase of a business. The assets of a company or the shares of the company can be transferred. As a legally enforceable contract, this agreement ensures that the seller and buyer keep their promises and creates the opportunity to confirm the terms of the transaction. Notwithstanding the right of either party to investigate the affairs of the other party and its shareholders, each party has the right to fully rely on the insurances, guarantees, assurances and agreements of the other party and its shareholders contained in this Agreement or in a document provided to a party by the other or one of its representatives. in the context of the operations provided for in this Agreement. All such insurance, guarantees, insurance and agreements are necessary for the execution and provision of this Agreement and the conclusion of this Agreement for one year from the date of closing. This Agreement may be terminated by mutual agreement between both Parties if the closing date does not occur before [indicate date]. This Agreement [including the investments and schedules to be annexed to this Agreement] and the ancillary agreements concluded in connection with the conclusion of the transactions provided for in this Agreement contain the entire agreement between the Parties with respect to the exchange, issuance and related transactions of the Shares, and supersede all prior written or oral agreements in this regard. The company does not owe money to the third party at the time of conclusion and the seller undertakes to pay all legitimate claims of creditors against the [seller`s business name] within one year from closing.
The following transactions take place on the balance date, all such transactions being considered simultaneously to take place: (a) The seller will provide or cause to be delivered to the buyer: (i) A decision of the board of directors executed by the board of directors of the seller stating that 100% of the common shares of the company will be issued to the buyer for a total underperformance of [indicate the number of newly issued ordinary shares] of the [name of the company] of the purchase eur. Seller has all the rights, powers and powers of the Company to enter into this Agreement and enter into the transactions provided for in this Agreement. This agreement has been properly executed and provided by the parties and constitutes a legal, valid and binding agreement applicable to the defending party in accordance with its conditions, subject to the general application of bankruptcy, insolvency and exemption of debtors and discharge, as well as legislation relating to certain benefits, rights of omission or other remedies under the law of equity. Buyer agrees to keep Seller, its senior officers, directors and major shareholders without damages and without complaint, and Seller agrees to exempt and maintain Buyer, its senior officers, directors and major shareholders from any and all liability, damages or defaults, any acts, actions, proceedings, receivables, valuations, judgments, costs and expenses, including attorneys` fees. incidents related to the foregoing, resulting from material misrepresentation by a compensating party to an indemnified party and the party as a result of a breach of an agreement or guarantee or the non-performance of an agreement by a compensating party or from a material misrepresentation or omission of a certificate, financial statement or tax return provided under this Agreement or 1996, 1996, 1995, 1990, 1990, 1 This Agreement supersedes all prior oral or written agreements. The model sales contract below for the company describes an agreement between the seller, « Dorothy C Miller, » and the buyer, « Fred M Johnson. » Dorothy C Miller, a California-based company that offers lawn care for residential areas, sells itself to Fred M Johnson at the prices and conditions listed. On the reference date, the seller will forward to the buyer a decision of the board of directors authenticating the transaction and hand over to the buyer all ownership and control of the seller [name of company]. . . .