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Term Sheet - Sale of Business

A Term Sheet - Sale of Business establishes the general terms of an agreement in the sale of your business.
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4.3 (20 reviews)
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Under 5 minutes
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Suitable for Australia
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Document Overview

A Term Sheet - Sale of Business sets out the general idea of the agreement before you proceed to the full agreement. This document is intended to be used as a pre cursor agreement to a Business Sale Agreement. Term Sheet - Sale of Business gives you an overview of the potential agreement in purchasing a business or selling your business. This overview is helpful in conducting your due diligence, and is useful in negotiating a better deal for both parties. It makes it easier for both parties to later reach an agreement, and hopefully lead to a sale of the business.  

Use this Term Sheet - Sale of Business if:

  • You are looking to purchase a business, and would like to set out some general terms as an overview and/or for negotiation.

What does the Term Sheet - Sale of Business cover?

  • The parties to the agreement;
  • The assets included in the purchase price;
  • The assets excluded in the purchase price;
  • The liabilities of both parties;
  • The completion date;
  • The purchase price;
  • The payment terms;
  • Any conditions precedent, warranties, costs included;
  • Confidentiality clause; and
  • Option to be binding.

Other names for Term Sheet - Sale of Business include:

  • Sale of Business Pre-Nup; and
  • Heads of Agreement to Sale of Business.

Other documents you may need:


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Here's what people say about Lawpath’s Term Sheet - Sale of Business
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Website terms & conditionsThis document was easy to create, edit and use. Very comprehensive.
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Glen
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First tryThe document was easy to create....Unable to assess utility until i finish this review.
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john
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Easy to useThis was simple and easy to use and completed what i needed
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Greg Paul
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HelpfulThe document templates are really helpful to get guidance around agreements and contracts.
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Jwil5423
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Formatting could be a little betterAll the required information is on the page which is great, however some of the formatting for this document is a little off.
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Dayne
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Great guidanceMaking the task of developing essential documents simplified
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Private user
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Good expereinceThis process of document creation was exactly what i need at this time.
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tubi
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Great ecperienceThe document was exactly what we needed for our online store. I was very impressed with how detailed it was and how easy it was to auto populate. I will definitely be using lawpath again.
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Natasha
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Great experience!The document was easy to complete and great being able to review before submitting.
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Debbie
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Great experienceThe document was very easy to create and perfect for my needs.
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Sam Berzy
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