DRAFTING A BUSINESS SALE CONTRACT DETAILS FORM

BUSINESS BROKER (Agent) (if applicable)

Name

Telephone Number

Address

Contact Person

Email Address

CLIENT INFORMATION

Full Name (including middle name/s if individual, and ACN if company)

Date of Birth

Email Address

Work Telephone Number

Mobile Telephone Number

Residential Address

Postal address, if different to residential address

Add one more client

Full Name (including middle name/s if individual, and ACN if company)

Date of Birth

Email Address

Work Telephone Number

Mobile Telephone Number

Residential Address

Postal address, if different to residential address

Provide your ABN

Are you the Buyer or the Seller?

BuyerSeller

Is the client a company?

YesNo

Who is the Director/s?

Is the client a trust?

YesNo

What is the name of the trust?

Do you have an accountant?

YesNo

Provide the accountants firm name, contact person, phone and email address

OTHER PARTIES INFORMATION

Full Name (including middle name/s if individual, and ACN if company)

Date of Birth

Email Address

Work Telephone Number

Mobile Telephone Number

Residential Address

Postal address, if different from residential address

Add another party

Full Name (including middle name/s if individual, and ACN if company)

Date of Birth

Email Address

Work Telephone Number

Mobile Telephone

Residential Address

Postal address, if different from residential address

Provide their ABN if known

Do they have a Lawyer?

YesNo Unsure

Firm Name/Contact Person

Do they have an Accountant?

YesNoUnsure

Provide the accountants firm name, contact person, phone and email address

BUSINESS DETAILS

Type of business

Location of business

Trading name

Is there a registered business name/s

YesNo Unsure

Provide the registered business name/s details

Are any phone/fax numbers being transferred?

YesNoUnsure

Provide phone/fax number details

Are any email addresses being transferred

YesNoUnsure

Provide email address/s information

Is there a website to be transferred

YesNounsure

Please provide the URL for the website

Are there any social media accounts to be transferred

YesNoUnsure

Please list which social media platforms are being transferred

Are there any licences, permits, consents etc required to operate the business

YesNo Unsure

Please list all relevant items

CONSIDERATION DETAILS

What is the sale price

What is the deposit amount

Does the purchase price include stock and work-in-progress

YesNoUnsure

What is the estimated stock-in-trade value

What is the buyer’s maximum stock value

Nominated date of stocktake

Estimated work-in-progress value

Is this the sale/purchase of a going concern

YesNoUnsure

Does the purchase price include GST

YesNo Unsure

Has your accountant advised an apportionment of the purchase price

YesNoUnsure

Which amount of the purchase price reflects assets?

Which amount represents good will?

Estimated stock in trade (if relevant)

Estimated work in progress (if relevant)

AGREEMENT DETAILS

Is a new lease required?

Yes – new lease requiredYes – buyer is taking over the seller’s current leaseNoUnsure

Provide lease details

Upload a copy of the current lease documentation

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Is the contract dependent on finance

YesNoUnsure

Timeframe for finance

Does the buyer require tuition/assistance?

YesNoUnsure

For what period before settlement

For what period after settlement

Will there be conditions attached to this assistance

Will the Seller be prohibited from conducting a similar business

YesNoUnsure

For what period of time

For what area

Please name any special conditions you may wish to include in the contract/any specific concerns must be listed here for discussion

Who is to have risk of the business until settlement

SellerBuyer

Settlement date

Settlement place (town/city)

FURTHER DOCUMENTATION

Please supply a list of all unencumbered plant and equipment sold with the business (or upload a copy below)

Upload list of unencumbered equipment

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Please supply a list of all leased plant and equipment sold with the business (or upload a copy below)

Upload list of leased equipment

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Please supply a list of all Plant and Equipment that are sold subject to a Rental agreement (or upload a copy below)

Upload list of equipment subject to rental agreement

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Note: The list(s) of plant and equipment should reflect the position of the buyer after settlement meaning the items listed in leased equipment section will still be leased by the buyer after settlement and the buyer is required to take over the lease. If the lease will be paid out in full at settlement then the item should be listed under the unemcumbered equipment section or a special condition should be added to the contract.

Please write a list of the employees detailing their commencement, salary and position (or upload a copy below)Full names including surname, date of commencement, wage/salary, position

Upload list of employees and their details

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