The Agreement For Sale of Business is a critical transaction document used when transferring ownership of a business in India, whether through an asset sale or share transfer. This agreement is essential for both large corporate transactions and small business transfers, providing a legally binding framework that ensures proper documentation and protection for all parties involved. The document must comply with various Indian laws including the Companies Act 2013, Income Tax Act 1961, and relevant state-specific regulations. It typically includes detailed provisions about the business valuation, payment terms, warranties, indemnities, and specific conditions that must be met before the transfer can be completed. The agreement's scope can be customized based on the size and nature of the business being transferred, making it suitable for various industries and transaction structures while maintaining compliance with Indian legal requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of seller and purchaser with complete legal details
2. Background: Context of the sale, brief description of the business, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold and purchased
5. Purchase Price: Purchase consideration, payment terms, adjustments, and escrow arrangements if any
6. Conditions Precedent: Conditions that must be satisfied before completion of the sale
7. Seller's Warranties: Representations and warranties regarding the business, assets, and liabilities
8. Purchaser's Warranties: Representations and warranties from the purchaser, including capacity to purchase
9. Pre-Completion Obligations: Obligations of parties between signing and completion
10. Completion: Process and requirements for closing the transaction
11. Post-Completion Obligations: Obligations after the sale is completed
12. Indemnification: Indemnity provisions protecting parties against breaches and claims
13. Confidentiality: Protection of confidential information exchanged during the transaction
14. Dispute Resolution: Mechanism for resolving disputes between parties
15. Governing Law: Applicable law and jurisdiction
1. Employee Matters: Include when employees are being transferred as part of the business sale
2. Intellectual Property: Include when significant IP assets are part of the sale
3. Real Estate: Include when property assets or leases are being transferred
4. Environmental Matters: Include for businesses with environmental compliance requirements
5. Tax Matters: Include when specific tax arrangements or indemnities are needed
6. Competition Law Compliance: Include for larger transactions requiring competition law clearance
7. Transition Services: Include when post-completion support is required from seller
8. Non-Compete: Include to restrict seller from competing post-sale
9. Earn-out Provisions: Include when part of purchase price is contingent on future performance
1. Business Assets: Detailed list of all assets included in the sale
2. Excluded Assets: List of assets specifically excluded from the sale
3. Financial Statements: Recent financial statements of the business
4. Contracts: List of contracts being transferred
5. Intellectual Property: Details of all IP rights included in the sale
6. Employee Information: List of employees and their employment terms
7. Real Estate: Details of property assets or leases
8. Permits and Licenses: List of operational permits and licenses
9. Completion Checklist: List of actions required for completion
10. Form of Transfer Instruments: Templates for various transfer documents required at completion
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Technology
Healthcare
Professional Services
Hospitality
Real Estate
Financial Services
Education
Construction
Logistics
E-commerce
Agriculture
Entertainment
Telecommunications
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Compliance
Human Resources
Operations
Risk Management
Commercial
Strategy
Executive Leadership
Corporate Secretarial
Business Development
Due Diligence
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Managing Director
Company Secretary
Legal Counsel
Corporate Lawyer
Business Development Manager
Mergers & Acquisitions Director
Finance Director
Tax Manager
Compliance Officer
Risk Manager
Business Owner
Operations Director
Human Resources Director
Commercial Director
Investment Banker
Due Diligence Specialist
Integration Manager
Transaction Advisory Partner
Find the exact document you need
Car Sell Agreement Form
An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, conditions, and transfer terms.
find out more
Aircraft Pre Purchase Agreement
An Indian law-governed agreement setting out terms and conditions for aircraft inspection and potential purchase, incorporating local aviation regulations and international standards.
find out more
Sell Agreement Of Land
A legally binding agreement for land transfer in India, compliant with the Transfer of Property Act and Registration Act, detailing sale terms and conditions.
find out more
Real Estate Purchase And Sale Agreement Form
An Indian law-governed agreement documenting the terms and conditions for the sale and purchase of real estate property, ensuring legal compliance and protecting parties' interests.
find out more
Purchase Sale Agreement Business
An Indian law-governed agreement facilitating the complete transfer of business ownership from seller to buyer, including assets, liabilities, and operational elements.
find out more
Agreement To Sell And Contract Of Sale
An Indian law-governed document combining an agreement to sell and final sale contract for property transfer, compliant with the Transfer of Property Act and Indian Contract Act.
find out more
Realty Purchase Agreement
An Indian law-governed agreement documenting the legal transfer of real estate ownership between seller and buyer, including all essential terms and conditions of the sale.
find out more
Buy Sell Agreement Life (Insurance)
An Indian law-governed agreement establishing life insurance-funded business ownership transfer mechanisms upon specified triggering events.
find out more
Boat Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of marine vessels, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Agreement For Sale Of Business
An Indian law-governed agreement detailing the terms and conditions for the transfer of business ownership from seller to purchaser.
find out more
Real Estate Contract Of Sale
An Indian law-governed agreement documenting the sale and transfer of real estate property between parties, compliant with the Transfer of Property Act and state property laws.
find out more
Business Sale Contract
An Indian law-governed agreement for the sale and purchase of a business, detailing transfer terms, assets, liabilities, and regulatory compliance requirements.
find out more
For Sale By Owner House Contract
An Indian law-compliant contract for direct property sale between owner and buyer without real estate agent involvement.
find out more
Conditional Purchase Agreement
An Indian law-governed agreement establishing terms for a purchase transaction subject to specific conditions, defining rights and obligations of parties until completion.
find out more
Assignment Of Contract To Sell
An Indian law-compliant document that transfers rights and obligations under an existing Contract to Sell from the original seller to a new seller, with the original buyer's consent.
find out more
Vessel Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of a vessel, detailing terms, conditions, and regulatory requirements under Indian maritime law.
find out more
Travel Trailer Purchase Agreement
An Indian law-governed agreement for the purchase and sale of a travel trailer, detailing terms, conditions, and ownership transfer requirements.
find out more
Escrow Purchase Agreement
An Indian law-governed agreement establishing terms for a purchase transaction through escrow arrangement between buyer, seller, and escrow agent.
find out more
Entity Purchase Buy Sell Agreement
An Indian law-governed agreement outlining terms and conditions for the purchase and sale of a business entity, including price, warranties, and completion requirements.
find out more
Company Buy Sell Agreement
An Indian law-governed agreement establishing terms and procedures for company share transfers between shareholders, including valuation methods and transfer mechanisms.
find out more
Agreement To Sell Personal Property
An Indian law-compliant agreement documenting the sale and transfer of personal property between parties, including terms, conditions, and ownership transfer details.
find out more
Assignment Of Real Estate Purchase Contract
An Indian law-governed document that transfers rights and obligations under a real estate purchase contract from an original purchaser to a new purchaser.
find out more
Assignment Of Contract Of Purchase And Sale
A legal instrument under Indian law that transfers rights and obligations of a purchase and sale agreement from the original purchaser to a new party.
find out more
Agreement For House Purchase
A legally binding agreement under Indian law for the sale and purchase of residential property, detailing terms, conditions, and obligations of the transaction.
find out more
Agreement To Sell Real Estate Form
A legally binding preliminary contract under Indian law that establishes terms and conditions for the sale of real estate property between seller and purchaser.
find out more
Land For Sale By Owner Contract
An Indian law-governed agreement for direct land sale between owner and buyer, detailing property transfer terms and conditions.
find out more
Assignment Of Asset Purchase Agreement
An Indian law-governed agreement transferring rights and obligations under an existing Asset Purchase Agreement from the original buyer to a new party.
find out more
Simple Commercial Real Estate Purchase Agreement
An Indian law-governed agreement for commercial real estate purchase, outlining terms, conditions, and requirements for property transfer.
find out more
Purchase And Sale Form
An Indian law-compliant document that formalizes the transfer of ownership of goods, property, or assets from seller to purchaser.
find out more
Contract For Sale Of Commercial Property
A legally binding agreement for the sale and purchase of commercial property in India, compliant with Indian property laws and regulations.
find out more
Vacant Land Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of vacant land, detailing property transfer terms and statutory compliance requirements.
find out more
Sale Purchase Form
An Indian law-compliant document that formalizes the transfer of goods or property between seller and buyer, outlining key terms and conditions of the sale.
find out more
Horse Purchase And Sale Agreement
An Indian law-governed agreement for the sale and purchase of horses, detailing terms, conditions, and compliance with livestock trading regulations.
find out more
Sale Contract Agreement
An Indian law-compliant agreement documenting terms and conditions of sale between parties, including product details, pricing, and delivery terms.
find out more
Commercial Purchase Contract
A legally binding agreement under Indian law governing the commercial purchase of goods between businesses, including terms of sale, delivery, and payment.
find out more
Motorcycle Selling Agreement
An Indian law-governed agreement for motorcycle sale and purchase, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Commercial Property Purchase Contract
An Indian law-governed agreement for the purchase and sale of commercial property, incorporating all essential elements required under Indian property legislation.
find out more
Buyer And Seller Agreement Form
An Indian law-governed agreement that establishes the terms and conditions for the sale of goods between a buyer and seller, ensuring legal compliance and protection for both parties.
find out more
Vacant Land Purchase Contract
An Indian law-governed agreement for the purchase and sale of vacant land, detailing property transfer terms, conditions, and compliance requirements.
find out more
Sale And Purchase Deed
An Indian legal document that transfers property ownership from seller to buyer, requiring mandatory registration under Indian property laws.
find out more
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)