Legal Documents for your business

Create a free Term Sheet - Sale of Business

Create for free

This legal document has been provided by Lexis Nexis

Term Sheet - Sale of Business

Term Sheet - Sale of Business

4.6 (9)
under 5 minutes
under 5 minutes
Last updated December 2018
Last updated February 4, 2019
Suitable for all Australian states and territories
Suitable for all Australian states and territories

A Term Sheet - Sale of Business establishes the general terms of an agreement in the sale of your business. Customisable and ready to use in under 5 minutes.

Get started

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:


Document Reviews

No reviews available.

How it works

Follow the steps below and you’ll have your ready-to-use document in no time.

Step 1

Set up a free Lawpath account

Step 2

Search and find the document you need from our list

Step 3

Follow the prompts and fill in all the relevant details

Step 4

Download your document in ready-to-use PDF or Docx* format. Access from any device, at anytime.

A giant library of template documents combined with a legal marketplace make this a must have for any small business owner.
Jake Benjafield

Create and access documents anytime, anywhere by signing up to our monthly or annual subscription plan

Sign up now

Recent Articles

Recent Articles

What is the Purpose of Workers' Compensation and Injury Management? (2019 Update)

If you're an employer, it's crucial that you know how to manage workers' compensation and injuries in the workplace. Read this guide to find out more.

How to Work as a Freelance Web Developer

Becoming a freelancer will give you more power over your working conditions. Find out how you can become a freelance web developer.

Legal Considerations to Make Before Becoming a Contractor

Becoming a contractor provides a lot of flexibility and in return requires a lot of responsibility. Read on to find out how you can ensure that you are legally compliant as a contractor.
Not sure what you need?
Call and speak to one of our
consultants for free on
1800 529 728
Australia’s leading
Online legal website

Lawpath has been recognised as a
leader and innovator across the legal
sector.

Safe and Secure

We keep all your information
encrypted to ensure your
privacy and safety.