Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Business Sale Offer And Acceptance Agreement
"I need a Business Sale Offer and Acceptance Agreement for my small retail clothing business in Auckland, with a planned settlement date of March 15, 2025, including specific provisions for transferring three employees and assigning the current shop lease."
1. Parties: Identification of the vendor and purchaser, including full legal names, company details, and registered addresses
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Sale and Purchase: Core agreement to sell and purchase the business, including the basic transaction structure
5. Purchase Price: Total consideration, payment terms, deposit requirements, and adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before the agreement becomes unconditional
7. Due Diligence: Terms and timeframe for the purchaser's due diligence investigation
8. Pre-settlement Obligations: Parties' obligations between signing and settlement, including business operation requirements
9. Settlement: Settlement process, timing, and deliverables required from each party
10. Vendor Warranties: Standard warranties about the business, its assets, and operations
11. Purchaser Warranties: Basic warranties from the purchaser, including capacity to purchase
12. Restraint of Trade: Non-compete and non-solicitation provisions binding the vendor
13. Default and Termination: Consequences of default and circumstances allowing termination
14. Confidentiality: Obligations regarding confidential information and announcements
15. GST: GST treatment of the transaction and required declarations
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
17. Execution: Signing provisions and execution blocks
1. Employee Provisions: Required when employees are being transferred, covering employment terms, liabilities, and consultation requirements
2. Lease Assignment: Needed when business premises are leased and the lease is being transferred
3. Intellectual Property: Detailed provisions for businesses with significant IP assets
4. Stock: Specific provisions for dealing with trading stock if significant to the business
5. Transition Services: Required when the vendor will provide post-completion assistance or training
6. Third Party Consents: Needed when material contracts or licenses require consent for transfer
7. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
8. Industry-Specific Compliance: Special provisions for regulated industries (e.g., financial services, healthcare)
1. Schedule 1: Assets: Detailed list of all assets included in the sale
2. Schedule 2: Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3: Liabilities: Details of liabilities being assumed by the purchaser
4. Schedule 4: Contracts: List of business contracts being assigned or novated
5. Schedule 5: Employees: Details of employees, their terms, and entitlements
6. Schedule 6: Intellectual Property: List of IP rights, registrations, and licenses
7. Schedule 7: Premises: Details of business premises and lease terms
8. Schedule 8: Plant and Equipment: Detailed list of plant, equipment, and machinery
9. Schedule 9: Stock: Stock valuation methodology and parameters
10. Appendix A: Due Diligence Requirements: Checklist of required due diligence materials
11. Appendix B: Settlement Checklist: List of items to be delivered or completed at settlement
Authors
Retail
Manufacturing
Hospitality
Professional Services
Technology
Healthcare
Construction
Agriculture
Transport and Logistics
Education and Training
Real Estate
Financial Services
Media and Entertainment
Wholesale Trade
Food and Beverage
Legal
Finance
Mergers & Acquisitions
Corporate Development
Executive Leadership
Risk and Compliance
Operations
Commercial
Due Diligence
Business Development
Chief Executive Officer
Managing Director
Business Owner
Corporate Lawyer
Commercial Lawyer
Chief Financial Officer
Finance Director
Business Broker
Mergers & Acquisitions Manager
Business Development Manager
Commercial Director
Company Secretary
Legal Counsel
Transaction Manager
Due Diligence Manager
Risk Manager
Operations Director
General Manager
Find the exact document you need
Real Estate For Sale By Owner Contract
A legal agreement for private property sales in New Zealand, used when selling real estate without an agent's involvement.
Presale Agreement
A legally binding agreement under New Zealand law for the purchase of property before completion, typically used in new developments and off-the-plan purchases.
Sale Of Partnership Agreement
A New Zealand-governed agreement for the sale and transfer of partnership interests, ensuring compliance with local partnership laws and commercial requirements.
Apartment Sale And Purchase Contract
A New Zealand-compliant legal agreement for the sale and purchase of apartment properties under unit title ownership.
Basic Purchase And Sale Agreement
A New Zealand law-governed agreement setting out terms and conditions for the sale and purchase of goods between two parties.
Asset Sale Purchase Agreement
New Zealand-governed agreement for the sale and purchase of business assets, including terms, conditions, and completion requirements.
Direct Selling Agreement
A New Zealand-governed agreement establishing terms between a company and independent direct seller for product/service distribution, including commission structures and compliance requirements.
Old Vehicle Sale Agreement
A New Zealand-compliant agreement for the sale and purchase of a used vehicle, covering vehicle details, payment terms, and ownership transfer.
New Home Sales Contract
A New Zealand-compliant contract for the sale and construction of new residential properties, establishing terms between builder/developer and purchaser.
Vendor Sales Agreement
A New Zealand-law governed agreement establishing terms and conditions for the sale of goods between vendor and purchaser.
Stock Sale Contract
A New Zealand-governed agreement for the sale and transfer of company shares, detailing terms, conditions, and obligations of all parties involved.
Business Sale Offer And Acceptance Agreement
A New Zealand-governed agreement that sets out the terms and conditions for the offer and acceptance of a business sale transaction.
Simple Consignment Agreement
A New Zealand-compliant agreement establishing terms for consignment sales arrangements, where goods are provided for sale while ownership remains with the supplier until sold.
Direct Sales Agreement
New Zealand-governed agreement establishing terms between a supplier and direct seller for product sales and distribution.
Binding Sale Agreement
A New Zealand law-governed agreement establishing legally binding terms for the sale and purchase of assets, goods, or property.
Simple Sales Contract
A straightforward contract for the sale and purchase of goods under New Zealand law, outlining key terms of sale including pricing, delivery, and transfer of title.
Sale Of Equipment Contract
A New Zealand-governed agreement for the sale and purchase of equipment, ensuring legal compliance and protection for both seller and buyer.
Vehicle Sale Agreement
A New Zealand-compliant agreement documenting the terms and conditions for the sale and purchase of a motor vehicle between two parties.
Download our whitepaper on the future of AI in Legal
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.
Read our Privacy Policy.