¶¶Òõ¶ÌÊÓÆµ

Contract For Sale Of Business Assets Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Contract For Sale Of Business Assets

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Contract For Sale Of Business Assets

"I need a Contract for Sale of Business Assets under Indian law for the transfer of my manufacturing business assets, including machinery, inventory, and IP rights, to a large corporation, with completion scheduled for March 2025 and including specific environmental compliance warranties due to the nature of the manufacturing processes."

Document background
The Contract For Sale of Business Assets is a vital legal instrument used when a business wishes to transfer some or all of its assets to another party in India. This document is essential for transactions involving the sale of business assets such as equipment, inventory, intellectual property, contracts, and other tangible and intangible assets, without transferring the entire business entity itself. It must comply with various Indian legal requirements, including the Indian Contract Act, 1872, Transfer of Property Act, 1882, and relevant tax laws. The agreement is particularly important as it provides a clear framework for the transaction, protects both parties' interests, addresses liability allocation, and ensures proper documentation for regulatory compliance. It's commonly used in business restructuring, partial business sales, or when acquiring specific assets rather than entire business operations.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, registration details, and addresses

2. Background: Context of the transaction, brief description of the business and assets being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the assets, including the basic terms of transfer

5. Purchase Price: Details of the purchase consideration, payment terms, and any adjustments

6. Completion: Timing and mechanics of completion, including conditions precedent

7. Seller's Warranties: Warranties regarding ownership, condition and status of assets, and seller's capacity

8. Buyer's Warranties: Warranties regarding buyer's capacity and ability to complete the purchase

9. Pre-Completion Obligations: Obligations of both parties between signing and completion

10. Post-Completion Obligations: Ongoing obligations after completion, including transitional arrangements

11. Confidentiality: Obligations regarding confidential information and announcements

12. Tax Matters: Allocation of tax liabilities and responsibilities

13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

14. Notices: Process for serving notices under the agreement

15. General Provisions: Standard boilerplate provisions including entire agreement, amendments, etc.

Optional Sections

1. Employee Matters: Required if employees are being transferred as part of the business

2. Intellectual Property: Required if specific IP assets are being transferred

3. Property Leases: Required if leasehold interests are being transferred

4. Non-Competition: Optional restrictions on seller's future business activities

5. Environmental Matters: Required for businesses with environmental liabilities or compliance obligations

6. Debt and Encumbrances: Required if assets are subject to specific debts or encumbrances

7. Regulatory Approvals: Required if transaction needs specific regulatory clearances

8. Working Capital Adjustment: Required if purchase price includes working capital adjustment mechanism

9. Earn-out Provisions: Optional if part of purchase price is contingent on future performance

Suggested Schedules

1. Asset Schedule: Detailed list and description of all assets being transferred

2. Excluded Assets: List of specific assets excluded from the sale

3. Purchase Price Allocation: Breakdown of purchase price across different asset categories

4. Completion Obligations: Detailed list of actions required at completion

5. Form of Transfer Documents: Templates for specific transfer documents required

6. Intellectual Property Rights: Detailed list of IP rights being transferred

7. Employee Information: Details of transferring employees and their terms

8. Material Contracts: List and copies of key contracts being transferred

9. Properties: Details of any real property or lease interests

10. Encumbrances: List of all encumbrances affecting the assets

Authors

Alex Denne

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

Relevant legal definitions














































Clauses






































Relevant Industries

Manufacturing

Retail

Technology

Healthcare

Hospitality

Professional Services

Real Estate

Construction

Automotive

Agriculture

Education

Energy

Transportation

Telecommunications

Financial Services

Relevant Teams

Legal

Finance

Operations

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Risk Management

Asset Management

Property Management

Business Development

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Managing Director

Business Owner

Corporate Lawyer

Legal Counsel

Finance Director

Operations Director

Asset Manager

Business Development Manager

Commercial Director

Company Secretary

Tax Manager

Compliance Officer

Risk Manager

Property Manager

Mergers & Acquisitions Director

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

Installment Sales Contract (Real Estate)

An Indian law-governed contract for real estate sales through structured installment payments, outlining payment terms, possession, and title transfer conditions.

find out more

Contract To Sell (Real Estate)

An Indian law-governed agreement establishing terms and conditions for the future sale of real property, creating mutual obligations between seller and purchaser.

find out more

Contract To Buy And Sell (Real Estate)

An Indian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and compliance requirements for property transfer.

find out more

Contract For The Sale And Purchase Of (Real Estate)

An Indian law-governed agreement detailing terms and conditions for real estate property sale and purchase, ensuring legal compliance and protecting parties' interests.

find out more

Buy Sell Contract (Real Estate)

An Indian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and statutory compliance requirements.

find out more

Buy Sell Agreement (Real Estate)

A legally binding agreement under Indian law that documents the terms and conditions for the transfer of real estate property from seller to buyer.

find out more

Advance Agreement For Sale Of Flat

An Indian law-compliant preliminary agreement establishing terms and conditions for the future sale of a flat between developer and purchaser, subject to RERA regulations.

find out more

Letter Of Intent To Sell (Real Estate)

An Indian law-compliant preliminary document expressing intent to sell real estate, outlining key transaction terms and conditions while maintaining a generally non-binding nature.

find out more

Real Estate Contract Assignment Form

An Indian legal document that enables the transfer of rights and obligations under an existing real estate purchase contract from one party to another, compliant with Indian property laws.

find out more

Assignment Of Purchase And Sale Agreement Form

An Indian law-compliant document that transfers rights and obligations under an existing Purchase and Sale Agreement from original purchaser to new purchaser.

find out more

Home Sale Contract Form

An Indian law-compliant contract form for residential property sales, detailing terms and conditions for legal transfer of property ownership.

find out more

Real Estate Purchase Offer

An Indian law-compliant document presenting a formal offer to purchase real estate property, detailing terms, conditions, and purchase price.

find out more

Purchase Sale Agreement Form

An Indian law-compliant agreement documenting the terms and conditions for the sale and purchase of goods or property between parties.

find out more

Crude Oil Sale And Purchase Agreement

An Indian law-governed agreement establishing terms for crude oil sale and purchase, incorporating key requirements under Indian petroleum legislation.

find out more

Agreement For Sale Of Flat

An Indian law-compliant agreement documenting the terms and conditions for the sale and purchase of a residential flat, adhering to RERA requirements.

find out more

Real Estate Pre Sale Agreement

An Indian RERA-compliant agreement between developer and purchaser for the sale of under-construction real estate property.

find out more

Purchase And Sale Deed

An Indian legal document that transfers property ownership from seller to buyer, requiring registration under the Transfer of Property Act, 1882.

find out more

Owner To Owner House Sale Contract

An Indian law-governed contract for direct property sale between private owners, covering essential terms and conditions for residential property transfer.

find out more

Letter Of Intent To Sell Land

A preliminary document under Indian law expressing intent to sell specified land property, outlining basic terms and conditions for the proposed transaction.

find out more

Land Sales Agreement

A legal agreement under Indian law governing the sale and purchase of land property, detailing terms, conditions, and obligations of the transaction parties.

find out more

Final Sale Agreement

A legally binding agreement under Indian law that documents the final terms and conditions for the complete transfer of ownership of property or assets from seller to purchaser.

find out more

Estate Purchase Agreement

A legally binding agreement for property transfer in India, outlining terms of sale and complying with Indian property laws.

find out more

Conditional Sale And Purchase Agreement

An Indian law-governed agreement setting out terms and conditions for a conditional sale transaction, including payment terms, transfer conditions, and contingencies.

find out more

Confidentiality Agreement For Sale Of Business

An Indian law-governed agreement protecting confidential information during business sale proceedings, ensuring secure information exchange during due diligence and negotiations.

find out more

Basic Buy Sell Agreement

An Indian law-governed agreement establishing core terms for the sale and purchase of goods between parties, including price, delivery, and transfer of ownership.

find out more

Agreement For Sale Contract

An Indian law-governed contract establishing terms and conditions for property sale, including purchase price, payment terms, and transfer obligations.

find out more

Commercial Real Estate Offer To Purchase Form

A legally binding offer document for commercial real estate purchases in India, outlining key terms and conditions under Indian property law.

find out more

Land Purchase Advance Agreement

An Indian law-governed agreement establishing terms for advance payment and conditions for land purchase, serving as a preliminary contract before the final sale deed.

find out more

Commercial Real Estate Sale Agreement

An Indian law-governed agreement for the sale and purchase of commercial real estate, outlining transaction terms and ensuring legal compliance.

find out more

Basic Real Estate Sales Contract

An Indian law-governed contract for the sale and purchase of real estate property, outlining key terms and ensuring legal compliance with property transfer regulations.

find out more

Formal Sale And Purchase Agreement

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of assets, property, or business between parties.

find out more

Short Form Purchase And Sale Agreement

An Indian law-governed template for straightforward purchase and sale transactions, incorporating essential elements while maintaining brevity.

find out more

Purchase And Resale Agreement

An Indian law-governed agreement establishing terms for purchase and subsequent resale of goods, including pricing, delivery, and quality standards.

find out more

Second Hand Bike Purchase Agreement

An Indian law-compliant agreement for the sale and purchase of a second-hand motorcycle, including ownership transfer and warranty terms.

find out more

Non Compete Asset Purchase Agreement

An Indian law-governed agreement combining asset purchase provisions with non-compete restrictions, ensuring compliant transfer of business assets while limiting seller's future competitive activities.

find out more

Sale Of Personal Goodwill Agreement

An Indian law-governed agreement for transferring personal goodwill, including professional relationships and reputation, from an individual to a purchasing entity.

find out more

Agreement For Sale Of Agricultural Land

An Indian law-governed agreement for the sale and purchase of agricultural land, ensuring compliance with agricultural property transfer regulations and state-specific requirements.

find out more

Lot Land Purchase And Sale Agreement

An Indian law-governed agreement for the purchase and sale of lot land, detailing property transfer terms and conditions.

find out more

House Buying Agreement

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of residential property, ensuring legal transfer of ownership.

find out more

Business Purchase Term Sheet

A preliminary document outlining key terms and conditions for a business purchase in India, serving as a framework for negotiating definitive agreements under Indian law.

find out more

Advance Agreement For Sale Of Land

An Indian law-compliant preliminary agreement establishing terms and conditions for a future land sale transaction between seller and purchaser.

find out more

Purchase And Sale Agreement Extension Form

An Indian law-compliant document that extends the timeline of an existing purchase and sale agreement while preserving or modifying its original terms.

find out more

Short Sale Purchase Agreement

An Indian law-governed agreement for the sale of property at a price less than the outstanding mortgage amount, with lender approval.

find out more

Short Form Real Estate Purchase Agreement

A streamlined agreement template for real estate purchases in India, covering essential terms and conditions for property transfer under Indian law.

find out more

Promissory Note Sale Agreement

An Indian law-governed agreement for the sale and transfer of a promissory note between parties, including terms of sale and transfer mechanics.

find out more

Mortgage Loan Purchase And Sale Agreement

An Indian law-governed agreement for the sale and transfer of mortgage loans between financial institutions, incorporating local regulatory requirements and transfer procedures.

find out more

Mobile Sale Agreement

An Indian law-governed agreement for mobile phone sales, detailing terms, warranties, and consumer rights.

find out more

Business Opportunity Purchase And Sale Agreement

An Indian law-governed agreement for the purchase and sale of business opportunities, including terms, conditions, and regulatory compliance requirements.

find out more

Agreement Of Purchase And Sale Business In Leased Premises

An Indian law-governed agreement for the sale of a business operating in leased premises, covering both business transfer and lease assignment.

find out more

Seller Friendly Asset Purchase Agreement

An India-governed Asset Purchase Agreement designed to protect seller's interests in asset sales while ensuring compliance with Indian law.

find out more

Sales Contract Between Buyer And Seller

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods between a seller and buyer.

find out more

Vehicle Transfer Agreement Form

An Indian legal document formalizing vehicle ownership transfer between parties, compliant with the Motor Vehicles Act and state RTO requirements.

find out more

Real Property Purchase Agreement

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of real property, ensuring legal transfer of ownership from seller to buyer.

find out more

Lot Sale Agreement

An Indian law-governed agreement for the sale and purchase of a plot of land, detailing terms, conditions, and legal requirements.

find out more

Home Buyers Agreement

An Indian law-compliant agreement between a developer and buyer for residential property purchase, governed by RERA and state regulations.

find out more

Buy And Sell Agreement Form

An Indian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, property, or assets between parties.

find out more

Agreement Of Purchase And Sale Condominium Resale

An Indian law-governed agreement for the resale of a condominium unit, detailing property transfer terms and compliance with RERA 2016.

find out more

Unit Sale Agreement

An Indian law-governed agreement for the sale and purchase of a specific unit in a real estate development, compliant with RERA and property laws.

find out more

Mineral Rights Purchase And Sale Agreement

An Indian law-governed agreement for the transfer of mineral rights, incorporating federal and state mining regulations and compliance requirements.

find out more

Lot Purchase Contract

An Indian law-governed agreement for the purchase and sale of land, detailing property specifications, payment terms, and completion requirements.

find out more

Agreement To Assign Contract For Sale And Purchase

An Indian law-governed agreement that transfers rights and obligations under an existing sale and purchase contract from one party to another, typically used in real estate transactions.

find out more

Commercial Sale Contract

A legally binding agreement under Indian law governing the sale and purchase of goods between commercial entities, outlining terms, conditions, and obligations of both parties.

find out more

Agreement For Flat Purchase

An Indian legal agreement governing the purchase and sale of residential flats, compliant with RERA and property laws.

find out more

Simple Land Purchase Contract

An Indian law-governed agreement for the transfer of land ownership between parties, incorporating essential transaction terms and regulatory compliance requirements.

find out more

Short Land Purchase Agreement

A concise legal agreement for land purchase transactions in India, outlining essential terms and conditions for property transfer between buyer and seller.

find out more

Real Estate Buyers Agreement Form

An Indian law-compliant agreement between property buyer and seller/developer detailing terms of property purchase and transfer under RERA guidelines.

find out more

Purchase Contract Form

An Indian law-governed contract template for formalizing purchase transactions, ensuring compliance with relevant commercial and consumer protection legislation.

find out more

Purchase Agreement For Camper

An Indian law-governed agreement for the sale and purchase of a camper vehicle, detailing transfer terms and compliance requirements.

find out more

Intent To Sell Agreement

A preliminary binding agreement under Indian law that documents parties' intention to enter into a property sale transaction, outlining key terms and conditions.

find out more

Condominium Purchase Agreement

An Indian law-compliant agreement for the purchase and sale of condominium units, incorporating RERA requirements and state-specific property regulations.

find out more

Contract To Sell Condominium

An Indian law-compliant agreement for the sale and transfer of a condominium unit, detailing property specifications, payment terms, and ownership rights.

find out more

Asset Purchase Agreement Installment Payments

An Indian law-governed agreement for asset purchase with structured installment payments, including security provisions and ownership transfer terms.

find out more

Agreement Of Purchase And Sale Condominium

An Indian law-compliant agreement for the purchase and sale of condominium units, incorporating RERA requirements and property transfer provisions.

find out more

Agreement For Purchase Of Flat With Builder

An Indian law-governed agreement between a builder and purchaser for the sale and purchase of a flat, compliant with RERA and property regulations.

find out more

Shareholder Sale Agreement

An Indian law-governed agreement documenting the sale and transfer of shares between shareholders, including transaction terms, warranties, and completion requirements.

find out more

Sales Agreement With Payment Plan

An Indian law-governed agreement detailing terms of sale with structured payment installments, including payment schedule, delivery terms, and default provisions.

find out more

Estate Sale Agreement

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of real estate property.

find out more

Vehicle Sales Agreement Payment Plan

An Indian law-governed agreement for vehicle sales with structured payment terms, combining vehicle transfer and financial obligations.

find out more

Purchase Contract For Home

An Indian law-governed contract for the sale and purchase of residential property, detailing terms of ownership transfer and ensuring legal compliance.

find out more

Purchase Agreement Mobile Home Bill Of Sale

A legal document under Indian law that facilitates and records the transfer of ownership of a mobile home from seller to buyer, including essential transaction details and conditions.

find out more

Promissory Purchase And Sale Agreement

An Indian law-governed agreement documenting a commitment between parties for the future sale and purchase of property, serving as a legally binding preliminary contract.

find out more

Membership Interest Sales Agreement

An Indian law-governed agreement for the sale and transfer of membership interests in a company, detailing terms, conditions, and compliance requirements.

find out more

Car Purchase Payment Agreement

An Indian law-governed agreement outlining terms and conditions for vehicle purchase and payment arrangements, including price, schedule, and party obligations.

find out more

Business Bill Of Sale Purchase Agreement

An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of a business, including assets, goodwill, and associated rights.

find out more

Bill Of Sale Stock Purchase Agreement

An Indian law-governed agreement documenting the sale and transfer of company shares, specifying terms, conditions, and obligations of all parties involved.

find out more

Agreement To Sell Contract

An Indian law-compliant preliminary contract establishing terms for future property transfer between seller and purchaser.

find out more

Vehicle Installment Sale Agreement

An Indian law-governed agreement for the sale of vehicles through installment payments, establishing payment terms, security interests, and parties' rights and obligations.

find out more

Commercial Property Sale Contract

A legally binding agreement under Indian law for the sale and purchase of commercial property, detailing terms, conditions, and obligations of all parties involved.

find out more

Receivables Sale Agreement

An Indian law-governed agreement for the sale and transfer of accounts receivable, detailing terms, conditions, and compliance requirements for both seller and purchaser.

find out more

Offer Of Purchase And Sale

An Indian law-governed agreement documenting property sale terms between buyer and seller, establishing binding commitments for both parties.

find out more

Commercial Purchase And Sale Agreement

An Indian law-governed agreement establishing terms and conditions for commercial purchase and sale transactions between businesses.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

An Indian law-governed agreement transferring rights and obligations under an existing real estate purchase agreement from original purchaser to new purchaser.

find out more

Assignment Of Purchase And Sale Agreement

An Indian law-governed agreement that transfers rights and obligations under an existing purchase and sale agreement from an original buyer to a new buyer.

find out more

Simple Buy Sell Agreement

An Indian law-compliant agreement template for basic commercial transactions involving the sale and purchase of goods between two parties.

find out more

Real Estate Contract To Sell

An Indian law-compliant agreement documenting property sale terms between seller and purchaser, leading to final sale deed execution.

find out more

Purchase Agreement Personal Property

An Indian law-governed agreement documenting the sale and purchase of personal property, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract For Sale Of Business Assets

An Indian law-governed agreement for the transfer of business assets between seller and buyer, outlining terms, conditions, and regulatory compliance requirements.

find out more

Bill Of Sale For Asset Purchase Agreement

A legally binding document under Indian law that records and evidences the transfer of asset ownership from seller to buyer, including sale terms and conditions.

find out more

Agreement For Sale Of Shares To Another Shareholder

An Indian law-governed agreement for the transfer of shares between existing shareholders of a company, detailing sale terms and regulatory compliance requirements.

find out more

Shop Sale Agreement

An Indian law-governed agreement for the sale and purchase of shop premises, including associated assets and business rights.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.