Ƶ

Term Sheet For Sale Of Business for Switzerland

Term Sheet For Sale Of Business Template for Switzerland

A Term Sheet for Sale of Business under Swiss law is a preliminary document that outlines the key terms and conditions for a proposed business acquisition or sale. It serves as a framework for negotiating and drafting the definitive agreements, incorporating specific provisions required under Swiss contract law and commercial regulations. While generally non-binding except for certain provisions (such as confidentiality and exclusivity), it provides a structured basis for further negotiations and due diligence, reflecting Swiss business practices and legal requirements, particularly those under the Swiss Code of Obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Term Sheet For Sale Of Business

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Term Sheet For Sale Of Business?

A Term Sheet For Sale of Business is typically used in the initial stages of a business acquisition or sale transaction in Switzerland, serving as a roadmap for subsequent negotiations and documentation. It captures the essential commercial and legal terms agreed upon in principle between the parties, while maintaining flexibility for detailed negotiations. This document is particularly important in the Swiss context, where it helps ensure compliance with local corporate law requirements and business practices. It typically includes key transaction terms, purchase price mechanisms, conditions precedent, and timeline, while certain provisions such as confidentiality and exclusivity are usually made binding. The term sheet helps prevent misunderstandings and provides a clear framework for lawyers to draft the final transaction documents, making it an essential tool in Swiss M&A practice.

What sections should be included in a Term Sheet For Sale Of Business?

1. Parties: Identification of seller(s) and buyer(s), including full legal names and addresses

2. Background: Brief description of the business being sold and the purpose of the transaction

3. Definitions: Key terms used throughout the term sheet

4. Transaction Structure: Overview of the proposed transaction structure (share sale, asset sale, or merger)

5. Purchase Price: Basic terms of consideration, including amount, form of payment, and any adjustments

6. Payment Terms: Timeline and mechanics for payment, including any escrow arrangements

7. Key Assets and Liabilities: High-level description of what is included/excluded in the sale

8. Conditions Precedent: Key conditions that must be met before proceeding to definitive agreements

9. Timeline: Expected dates for due diligence, definitive agreements, and closing

10. Exclusivity: Terms of exclusive negotiation period

11. Confidentiality: Basic confidentiality obligations

12. Binding Nature: Clear statement of which provisions are binding/non-binding

13. Governing Law: Confirmation of Swiss law application and jurisdiction

What sections are optional to include in a Term Sheet For Sale Of Business?

1. Employee Matters: Used when specific employment arrangements need to be addressed, including key management retention

2. Regulatory Approvals: Required for transactions that may need competition law or other regulatory clearances

3. Earn-out Provisions: Include when part of purchase price is contingent on future performance

4. Real Estate: When significant property assets are involved in the transaction

5. Intellectual Property: For businesses where IP is a crucial asset

6. Environmental Matters: Required for businesses with significant environmental considerations

7. Post-Closing Covenants: Used when specific post-closing obligations need to be outlined

8. Break Fee: Include when parties want to specify termination penalties

9. Tax Structure: For transactions with complex tax implications requiring specific structuring

What schedules should be included in a Term Sheet For Sale Of Business?

1. Business Description Schedule: Detailed description of the business operations, assets, and structure

2. Price Calculation Schedule: Details of purchase price calculations and adjustments

3. Key Assets Schedule: List of material assets included in the transaction

4. Excluded Assets Schedule: List of assets specifically excluded from the transaction

5. Key Contracts Schedule: List of material contracts to be transferred

6. Key Personnel Schedule: List of key employees and proposed arrangements

7. Timeline Schedule: Detailed transaction timeline and key milestones

8. Due Diligence Requirements: Outline of required due diligence scope and process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Switzerland

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions




































Clauses




































Relevant Industries

Manufacturing

Technology

Retail

Professional Services

Healthcare

Real Estate

Financial Services

Industrial

Consumer Goods

Energy

Transportation

Hospitality

Construction

Agriculture

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Strategy

Executive Leadership

Risk Management

Business Development

Corporate Finance

Investment

Compliance

Tax

Treasury

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Corporate Development Director

General Counsel

Legal Director

Head of M&A

Business Development Manager

Investment Director

Corporate Finance Manager

Transaction Manager

Company Secretary

Finance Director

Strategy Director

Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Contract To Buy And Sell (Real Estate)

A Swiss law-governed contract for the sale and purchase of real estate, requiring notarization and detailing all aspects of property transfer between parties.

Download

Buy Sell Agreement (Real Estate)

A Swiss law-governed agreement for the sale and purchase of real estate property, requiring notarization and conforming to federal and cantonal requirements.

Download

Purchase Sale Agreement Business

Swiss law-governed agreement for the sale and purchase of a business, detailing all terms and conditions of the transaction.

Download

Standard Agreement For The Sale Of (Real Estate)

A Swiss law-governed agreement for real estate sale and transfer of ownership, requiring notarization and land register registration.

Download

Home For Sale By Owner Purchase Agreement

Swiss law-governed purchase agreement for private property sales between individuals, facilitating direct seller-to-buyer real estate transfers in Switzerland.

Download

Simple Car Purchase Agreement

A Swiss law-governed agreement documenting the sale and purchase of a motor vehicle, including essential transaction terms and ownership transfer provisions.

Download

Apartment Purchase Contract

A Swiss law-governed contract for the purchase and sale of an apartment, incorporating all necessary elements for property transfer under Swiss legal requirements.

Download

Purchase Price Agreement

Swiss law-governed agreement detailing terms and conditions for sale and purchase of assets, including price, payment terms, and transfer provisions.

Download

Home For Sale By Owner Contract

A Swiss law-governed contract for direct property sale between private parties, requiring notarization and official registration.

Download

Crude Oil Sale And Purchase Agreement

Swiss law-governed agreement for crude oil sale and purchase, covering quality, quantity, pricing, delivery, and compliance requirements.

Download

Asset Sale Purchase Agreement

Swiss law-governed agreement for the sale and purchase of business assets, detailing terms, conditions, and transfer mechanics under Swiss legal framework.

Download

Standard Form Purchase And Sale Agreement

A Swiss law-governed standard agreement template that outlines terms and conditions for purchase and sale transactions, ensuring compliance with Swiss legal requirements.

Download

Simple Land Sale Agreement

A Swiss law-governed agreement for the sale and purchase of land, requiring notarization and land registry registration.

Download

Real Estate Pre Sale Agreement

Swiss law-governed agreement establishing terms for future real estate sale, including property details, price, and completion requirements.

Download

Private Purchase Contract

A Swiss law-governed contract formalizing the sale and purchase of goods or assets between private parties, structured according to Swiss Code of Obligations requirements.

Download

Promissory Contract Of Purchase And Sale

A Swiss law-governed preliminary agreement that commits parties to enter into a final purchase and sale contract under specified terms and conditions.

Download

Letter Of Sales Agreement

A Swiss law-governed formal letter establishing sales terms and conditions between parties, structured under the Swiss Code of Obligations while maintaining a practical letter format.

Download

Land Sales Agreement

A notarized agreement under Swiss law for the sale and purchase of real estate property, complying with federal and cantonal requirements.

Download

Final Sale Agreement

A Swiss law-governed agreement documenting the final and complete sale of goods, property, or assets between parties, ensuring legal transfer of ownership.

Download

For Sale By Owner Home Purchase Contract

Swiss-law governed contract for direct property sale between private individuals, compliant with ZGB and OR requirements.

Download

Conditional Sale And Purchase Agreement

A Swiss law-governed agreement establishing terms for a sale transaction subject to specific conditions, with provisions for ownership transfer and condition fulfillment.

Download

Confidentiality Agreement For Sale Of Business

Swiss law-governed confidentiality agreement for protecting sensitive information during business sale processes.

Download

Commercial Real Estate Sale Agreement

Swiss law-governed agreement for the sale and purchase of commercial real estate, incorporating federal and cantonal requirements.

Download

For Sale By Owner Purchase And Sale Agreement

A Swiss-law governed agreement for direct property sales between private owners and buyers, documenting terms and conditions of real estate transfers in Switzerland.

Download

Purchase Agreement For Land Sale

A Swiss law-governed agreement for the sale and purchase of land, requiring notarization and land registry registration.

Download

As Is Contract For Sale And Purchase

Swiss law-governed "as is" sale and purchase agreement for transferring assets or goods in their current condition, with limited seller warranties.

Download

Commercial Real Estate Purchase Contract

Swiss law-governed agreement for commercial real estate purchase and sale transactions, incorporating all essential legal requirements and property transfer provisions.

Download

Unit Sale Agreement

A Swiss law-governed agreement for the sale and purchase of specific units of products or equipment between commercial parties.

Download

Commercial Sale Contract

Swiss law-governed agreement setting terms for commercial sale of goods between businesses, incorporating Swiss Code of Obligations requirements.

Download

Car Sale Agreement As Is

A Swiss law-governed agreement for selling a vehicle "as is" without warranties, detailing vehicle transfer terms and liability limitations.

Download

Shareholder Sale Agreement

Swiss law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms, warranties, and completion requirements.

Download

Horse Purchase And Sale Agreement

A Swiss law-governed agreement for the purchase and sale of a horse, incorporating essential terms and compliance with Swiss animal welfare regulations.

Download

Company Sales Agreement

Swiss law-governed agreement for the sale and purchase of a company, outlining transaction terms, warranties, and completion requirements.

Download

Gas Sales Agreement

Swiss law-governed agreement for the sale and purchase of natural gas, incorporating federal energy regulations and industry standards.

Download

Assignment Of Purchase And Sale Agreement

A Swiss law-governed agreement transferring rights and obligations under an existing Purchase and Sale Agreement from an Assignor to an Assignee.

Download

Standard Agreement Of Sale

A Swiss law-governed sale agreement template that facilitates the transfer of goods or assets between parties, compliant with the Swiss Code of Obligations.

Download

Bulk Sales Agreement

Swiss law-governed agreement for bulk sales transactions, establishing terms for large-quantity product purchases and deliveries.

Download

Bill Of Sale For Asset Purchase Agreement

A Swiss law-governed agreement documenting the sale and transfer of ownership of specific assets between parties, detailing terms, conditions, and purchase price.

Download

Legal Real Estate Contract

A notarized Swiss real estate contract governing property transfer, compliant with federal and cantonal laws, detailing all aspects of the transaction.

Download

Commercial Property Purchase Contract

Swiss law-governed agreement for the purchase and sale of commercial property, complying with federal and cantonal requirements.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it