The Sale Of Sole Proprietorship Business Agreement is a crucial legal document used when transferring ownership of a sole proprietorship business in Ireland. This comprehensive agreement is essential when a business owner wishes to sell their entire business operation to a new owner, ensuring a legally compliant and smooth transition. The document covers all aspects of the business transfer, including assets, liabilities, employees, contracts, intellectual property, and operational elements, while ensuring compliance with Irish business transfer regulations, tax laws, employment legislation, and data protection requirements. It's particularly important for protecting both parties' interests, establishing clear terms for the transaction, and providing a framework for post-completion obligations. The agreement should be customized based on the specific business type, size, and complexity while maintaining compliance with Irish legal requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the seller (current business owner) and buyer with full legal names and addresses
2. Background: Brief description of the business, its nature, and the parties' intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction, including what is being sold and the basis of sale
5. Purchase Price: Details of the purchase price, payment terms, and any adjustments
6. Completion: Requirements and processes for completing the sale, including timing and location
7. Assets: Detailed description of all assets included in the sale
8. Liabilities: Clear statement of which liabilities are being transferred and which are retained
9. Employees: Treatment of employees and transfer of employment contracts
10. Seller's Warranties: Warranties regarding the business, assets, liabilities, and operations
11. Buyer's Warranties: Warranties from the buyer, including capacity to purchase and financial ability
12. Handover: Process for transitioning business operations, including training and support
13. Restrictive Covenants: Non-compete and non-solicitation provisions
14. Confidentiality: Protection of business information during and after the sale
15. Notices: How formal notices under the agreement should be given
16. General Provisions: Standard boilerplate clauses including governing law, severability, and entire agreement
1. Intellectual Property: Detailed section for businesses with significant IP assets, including transfer of trademarks, patents, etc.
2. Property Lease: Required if the business operates from leased premises, covering lease transfer or new arrangements
3. Stock: Detailed provisions for valuation and transfer of inventory, if significant to the business
4. Accounts Receivable: Special provisions for handling outstanding customer payments, if significant
5. Third Party Consents: Required if key contracts or licenses need third party approval for transfer
6. Environmental Matters: Required for businesses with environmental compliance obligations
7. Data Protection: Extended section for businesses handling significant personal data
8. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
9. Transition Services: Detailed section when extended seller support is required post-completion
1. Schedule 1 - Assets: Detailed inventory of all physical assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Contracts: List of business contracts being transferred
4. Schedule 4 - Employees: Details of all employees, their roles, and employment terms
5. Schedule 5 - Intellectual Property: Detailed list of all IP rights included in the sale
6. Schedule 6 - Properties: Details of any property interests included in the sale
7. Schedule 7 - Warranties: Detailed warranties given by the seller
8. Schedule 8 - Completion Requirements: Detailed list of actions and documents required for completion
9. Appendix A - Financial Statements: Recent financial statements of the business
10. Appendix B - Handover Plan: Detailed plan for transitioning business operations
Find the exact document you need
Horse Purchase Contract
An Irish law-governed contract for the sale and purchase of horses, ensuring compliance with relevant Irish and EU equine regulations.
Download
Car Buyer Seller Contract
An Irish law-governed agreement for the sale and purchase of motor vehicles, ensuring legal compliance and protecting both parties' interests.
Download
Software Sales Contract
An Irish law-governed agreement for software sales and licensing, incorporating Irish and EU regulatory requirements.
Download
Simple Home Sale Contract
An Irish law-governed contract for the sale and purchase of residential property, outlining key terms and conditions for property transfer.
Download
Sellers Contract
An Irish law-governed agreement setting out terms and conditions for the sale of goods or services between a seller and buyer.
Download
Preliminary Contract Of Sale
An Irish law governed agreement establishing the terms and conditions for the sale and purchase of real property, forming the basis for property transfer in Ireland.
Download
Contract To Sell A House
An Irish law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and requirements for property transfer.
Download
Simple Business Sale Agreement
An Irish law agreement facilitating the sale and purchase of a business, including terms for transfer of assets, operations, and associated obligations.
Download
Restaurant Sale Agreement
An Irish law agreement for the sale and purchase of a restaurant business, including transfer of assets, licenses, and operational rights.
Download
International Sales Agreement
An Irish law-governed agreement setting out terms and conditions for international sale of goods, including delivery, payment, and quality requirements.
Download
Simple Car Sale Contract
An Irish law-governed contract for the sale and purchase of a motor vehicle, suitable for both private and commercial transactions.
Download
Tripartite Agreement For Sale Of Property
An Irish law-governed agreement facilitating property sale transactions between three parties, typically involving a seller, buyer, and financial institution.
Download
Buy Sell Agreement Business
An Irish law-governed agreement for the sale and purchase of a business, detailing transaction terms, warranties, and obligations of both parties.
Download
Standard Sale And Purchase Agreement
An Irish law-governed agreement setting out terms and conditions for the sale and purchase of assets, including key commercial and legal provisions.
Download
Agreement For Sale Without Possession
An Irish law agreement for property sale where the vendor retains possession post-completion, including interim period provisions and possession transfer terms.
Download
Preliminary Sale Contract
An Irish law-governed binding agreement setting out terms and conditions for property sale and purchase, serving as the foundation document for property transactions in Ireland.
Download
International Contract Of Sale
An Irish law-governed International Contract of Sale for cross-border commercial transactions.
Download
Commercial Property Sale Agreement
An Irish law agreement governing the sale and purchase of commercial property, detailing all essential terms and conditions of the transaction.
Download
Sale And Construction Agreement
An Irish law agreement combining property sale and construction terms, governing both the transfer of property and subsequent construction works.
Download
Agreement Between Buyer And Seller Of Property
An Irish law-governed agreement for the sale and purchase of real property, establishing terms, conditions, and obligations between buyer and seller.
Download
Equipment Sales Contract
An Irish law-governed contract for the sale and purchase of equipment, including specifications, payment terms, and warranties.
Download
Addendum To Purchase Contract
An Irish law-compliant document that formally modifies an existing purchase contract, documenting agreed changes while maintaining legal enforceability.
Download
Deposit Agreement Of Purchase And Sale
An Irish law agreement governing the payment, holding, and application of a property purchase deposit, outlining terms and conditions for all parties involved.
Download
Sale Of Sole Proprietorship Business Agreement
An Irish law agreement governing the complete transfer of ownership and assets of a sole proprietorship business from seller to buyer.
Download
Private Car Sale Deposit Contract
An Irish law-governed contract establishing terms and conditions for a deposit payment in a private car sale transaction.
Download
Motor Vehicle Contract Of Sale
An Irish law-governed agreement for the sale and purchase of a motor vehicle, ensuring legal compliance and protecting both parties' interests.
Download
Letter Of Sale Agreement
An Irish-law governed Letter of Sale Agreement that formally documents the terms and conditions of a sale transaction between parties, combining letter format with legal requirements.
Download
Transfer Of Sale Agreement
An Irish law-governed agreement facilitating the formal transfer of property ownership from seller to buyer, incorporating all essential terms and statutory requirements.
Download
Retail Installment Agreement
An Irish law-governed agreement establishing terms for retail purchases through installment payments, ensuring compliance with consumer credit regulations and protection standards.
Download
Assignment Purchase Agreement
An Irish law-governed agreement facilitating the transfer of rights, assets, or contractual positions from an Assignor to an Assignee for agreed consideration.
Download
As Is Sales Contract
An Irish law-governed contract for the sale of goods in their current condition without warranties, incorporating necessary legal disclaimers and condition acknowledgments.
Download
Simple Purchase Contract
An Irish law-governed contract documenting the basic terms and conditions for the sale and purchase of goods between two parties.
Download
Salesperson Contract
An Irish law-compliant employment contract for salespeople, covering compensation, targets, and sales-specific responsibilities.
Download
Loan Sale Agreement
Irish law-governed agreement for the sale and transfer of a loan portfolio between financial institutions, including associated rights and obligations.
Download
Simple Real Estate Sales Contract
An Irish law-governed contract for the sale and purchase of real estate property, establishing the terms and conditions for property transfer between vendor and purchaser.
Download
Exclusive Seller Agreement
An Irish law-governed agreement establishing exclusive selling rights between a principal and seller, defining territory, products, and commercial terms.
Download
Standard Contract Of Sale
An Irish law-governed agreement documenting the terms and conditions for the sale of goods, assets, or property between a seller and buyer.
Download
Boat Purchase Agreement
An Irish law-governed agreement for the sale and purchase of marine vessels, ensuring compliant transfer of ownership and protecting both parties' interests.
Download
Consignment Sales Agreement
An Irish law-governed agreement establishing terms for consignment sales arrangement, including delivery, storage, pricing, and commission structures.
Download
Bill Of Sale Agreement
An Irish law-governed agreement documenting the transfer of ownership of personal property from seller to buyer, including sale terms and conditions.
Download
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
.png)