This Business Sale Agreement is for use when the owner of a business sells the business to a new owner. The Agreement addresses a variety of matters that may be relevant to a business sale, including: assets to be transferred with the business transfer of employees conditions precedent (such as obtaining any approvals for transfer) restraint of trade preventing the vendor of the business from opening competing businesses confidentiality – so that the outgoing owner can provide sensitive information to the purchaser if required, and that information can be kept confidential intellectual property (such as logos and designs) which are also to be transferred with the business including possibly a transfer of any business name vendor warranties namely some representations made by the vendor regarding the business indemnities from each party – so that the purchaser has some protection from liability for events that happened when the vendor owned the business and vice versa whether the vendor is required to assist the purchaser with a business handover, after completion Once completed and signed by all parties, this Business Transfer Agreement constitutes a binding agreement between the parties, enabling them to start making arrangements for the business to be handed over.