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Sale of Business Agreement on Vendor terms

When buyers are having difficulty borrowing money from the banks, vendor finance is an option that facilitates the sale of a business and allows the seller to achieve their price, even though a part will be paid after completion.

Use this combination of Sale of Business and Secured Loan Contract templates when buying or selling an established business, where the Vendor agrees to allow the buyer to pay part of the purchase price with the balance payable over time.

This comprehensive Contract for Sale of Business includes provisions that specifically deal with the goodwill of the business, the business name, stock in trade, business assets, GST (goods and services tax), restraints of trade, leases, employees, security over the business assets and much more.

The vendor retains effective possession and control of the Business and the Assets until such time as the whole of the purchase price is paid.

About the Secured Loan PPSR AgreementWill the Lender hold security for the loan over something of value?

In order to comply with the Personal Property Securities Act 2009, the lender and borrower must  clearly document the property offered as security.

This agreement contains all the provisions required to create a loan so the lender can register their interest on the personal property security register (PPSR).

Along with a detailed users guide this secured loan agreement will give the lender the confidence that their interests are protected and borrower a clear understanding of their responsibilities.

Document Provisions

Sale of Business Contract template includes the following provisions

  • Definitions And Interpretation
  • Sale And Purchase
  • Vendor’s Debts
  • Payment Of Deposit
  • Balance Of Purchase Price
  • Stock Valuation
  • Goods And Services Tax
  • Running Of The Business Before Completion
  • Completion
  • Action After Completion
  • Restraints Of Trade
  • Employees
  • Debts And Liabilities
  • Apportionment
  • Warranties
  • Disclosure Of Facts Rendering Warranty Incorrect
  • Guarantee For Vendor’s Obligations
  • Guarantee For Purchaser’s Obligations
  • Confidentiality
  • Costs And Stamp Duty
  • Dispute Resolution
  • Default By Vendor
  • Default By Purchaser
  • General Provisions
  • Notices
  • Governing Law
  • Contracts And Leases

Secured Loan Contract with PPSR includes the following provisions

  • Recitals
  • Definitions
  • Payments
  • Interest
  • Type and Place of Payments
  • Prepayment
  • Security Interest
  • Charge
  • Enforcing the Charge
  • Default
  • Recourse
  • Covenants
  • Lender’s Rights And Remedies
  • Benefit Of Agreement
  • Severance
  • Entire Agreement
  • Governing Law
  • Execution In Counterparts.

Document Sample of Sale of Business on Vendor Terms Contract template

Sample Sale of Business Agreement 1

sample sale of business contract 2

Play Video to see Sale of Business Agreement Sample


Sample of Secured Loan Agreement Template

Secured Loan PPSR template Sample 1 Document

Secured Loan Agreement PPSR Sample 2

Secured Loan agreement template Sample 3

The Kit Includes

  • Sale of Business Agreement Template
  • Secured Loan with Personal Property Security Register Agreement Template
  • Victoria Only – Section 52 Vendor Statement
  • Users Guide
  • Bonus – Contract Preparation Hints and Tips (PDF)

Purchase Details

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Australian Law

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Easy to use

Plain English - No Legalese. Your Agreement is easy to use, edit and understand