Business Sale Agreement

Ready to sell or buy a small business? Let’s do it properly. 

Whether you're handing over your pride and joy or taking over someone else’s legacy, you need more than a handshake and an email trail. Our Business Sale Agreement is a comprehensive, easy-to-use legal contract designed specifically for small, straightforward asset sales. 

It covers everything you actually need,  like what’s being sold, who’s responsible for what (and when), what happens if something goes wrong, and how to protect both parties before, during and after Completion. 

This template is lawyer-drafted and fair for both sides, suitable for use by either a Seller or a Buyer. Whether you’re buying a digital brand, online store, creative business, or service-based business, you’ll know where you stand and what to expect. 

Bonus Value 

You’ll also receive two exclusive companion guides, included free (total value $300): 

• Buyer’s Business Purchase Checklist ($150 value): Step-by-step guide to due diligence, what to request, what to ask, and how to protect yourself before signing. 
• Seller’s Guide to Selling Your Business ($150 value): Helps sellers prepare and package their business for sale, from asset inventory to transition plans. 

These are only available with this contract and not sold separately. 

Not Suitable For: 

This contract is not suitable for complex business sales, including: 

• Share sales or unit sales 
• Trust structures 
• Sales involving employees, leased commercial premises, or significant stock/plant & equipment 
• Businesses under administration or restructure 

If you’re not sure whether this applies to your situation, please get in touch or speak to your accountant or lawyer before purchasing. 

About the Template

Created by lawyers and peer reviewed by other lawyers for quality assurance, this fill in the blanks template can be ready within 20 minutes or less. 

Bonus Links: For extra guidance, check out our blog articles on... 

Business Structures Australia 

Why You Need an Online Business Lawyer for Your Online Business 

How to Pay Yourself from Your Business 

What’s included?  

Your template purchase includes: 

• Fill in the blanks Template in Word format 
• Template User Guide pdf – Handy hints on how to update your template 
• Single user licence to edit, use and reuse the template as often as you need for your business 
• BONUS: Access to the Legally Legit Lounge™ for Templates with “how to” video tutorials to walk you through your template* 
• BONUS: Future template updates 
• BONUS: Video Guide – This comprehensive video walkthrough is designed to guide you step-by-step through the template, providing clear instructions and assistance to help you successfully complete it with a few tips thrown in for good measure! 

Got questions?  Check out our FAQs below.

The Business Sale Agreement includes the following: 

• Sale and transfer of business assets 
• Purchase price and payment terms (incl. instalments if needed) 
• Pre- and post-completion obligations 
• Warranties from both parties 
• Restraint of trade clauses 
• GST and transfer duty notes 
• Optional support period 
• Clauses for IP, systems, accounts, third-party contracts, confidentiality, dispute resolution, and more. 

This template is ideal for: 

• Service-based businesses (consultants, creatives, online brands) 
• Digital product or eCommerce stores 
• Small business owners without employees 
• Buyers purchasing branding, IP, websites, and systems only (not full legal entities) 

This Business Sale Agreement is for the sale or purchase of a small business as a going concern, where the transaction involves asset transfer only, such as branding, website, IP, social media accounts, mailing lists, client contracts, systems, digital products and stock (if applicable). 

It’s perfect for: 

• Digital or service-based businesses 
• Online stores or social enterprises selling their IP and product inventory 
• Consultants or freelancers selling their brand, IP, or client base 
• Buyers looking to purchase an established business without taking over company shares or employees 
• It’s not suitable for: 
• Sales involving employees or commercial leases 
• Businesses with complex tax, trust, or legal structures 
• Share sales or unit transfers (e.g. buying company shares) 
• Businesses under administration or financial distress 
• Sales of heavy equipment or significant plant & machinery 

IMPORTANT  

Purchasing our fill in your blanks templates for you to customise and ensure they suit you and your business needs, utilising our free resources or having a chat with us as part of a consultation doesn’t create a lawyer-client relationship between you and Foundd Legal (sorry!). It also doesn’t constitute legal advice. Please consult with a lawyer for any questions. 

We do offer templates for countries outside of Australia, you will see on the specific template page which country or countries the template is available for, just make your selection! Unfortunately at this time, we are only offering templates for the countries specified.  

Our templates are however customisable for countries outside of Australia, and whilst they are a good base and potentially save you money getting something created from scratch, it would be prudent to have a lawyer in your country to review the template especially if you have any questions.  You get a single user licence and can re-use the templates you purchase as many times as you want for your own business needs! But keep in mind we’re a small business just like you, offering a service and we need more people like you to help us continue to grow - just like you!  So from the bottom of our humble hearts, thank you for making a legit purchase and not sharing!  Use of this Site and your purchase of any digital products or downloading of any free resources, are subject to our Terms and Conditions. 

Have more questions?  Read our FAQs