Sale Of Business As A Going Concern Agreement Template – Australia

Disclaimer

The information provided herein is intended solely as a general illustration regarding agreements for the transfer of business operations as a continuous concern within Australia. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified legal professional with expertise in Australian business law. Regulations and legal requirements may vary across jurisdictions, and modifications may be necessary to ensure compliance with local laws. Use of this example is at the user’s own risk, and we assume no liability for any inaccuracies, omissions, or consequences resulting from its application without professional legal review.

Please be advised: This is a sample template for a Sale of Business As A Going Concern Agreement in Australia, provided for illustrative purposes only. Actual terms may differ based on specific negotiations and legal requirements.

Sale of Business as a Going Concern Agreement (Australia) Sample

Parties Involved:

Seller: XYZ Pty Ltd
Address: 123 Business Rd, Sydney NSW 2000

Buyer: ABC Investments Pty Ltd
Address: 456 Commerce St, Melbourne VIC 3000

Business Description:

The business subject to this agreement is existing at 789 Enterprise Ave, Brisbane QLD 4000, operating as a going concern including assets, stock, and goodwill as specified herein.

Sale Terms:

The seller agrees to transfer the business, including all assets, liabilities, and goodwill, to the buyer for the agreed purchase price of AUD 500,000, payable in accordance with the terms set out in this agreement.

Seller Responsibilities:

The seller warrants that all assets are free from encumbrances and that the business is conducted in compliance with applicable laws at the time of transfer.

Governing Law & Regulations:

This agreement shall be governed by the laws of the Commonwealth of Australia and the State of New South Wales. Both parties agree to comply with all relevant legislation pertinent to the sale of a business.

Additional Provisions:

• The parties agree to exchange all necessary documentation to effect the transfer smoothly.
• This agreement may only be amended via written mutual consent of both parties.
• Settlement of the purchase price shall occur on the settlement date specified herein.

Sydney, ______________________