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Australia Agreement for Sale of Business
Sell the assets, goodwill and inventory of an Australian business with this template Agreement for Sale of a Business.
- The business is being sold as a going concern.
- The balance of the purchase price, after the down payment and earnest money deposit, will be secured by a promissory note which is included in the package.
- The seller makes certain representations and warranties regarding the business and its operations, including compliance with all applicable laws.
- The buyer covenants to treat all information as confidential, and to carry sufficient hazard and liability insurance until the promissory note is paid in full.
- The sale is conditional upon the buyer being provided with, and being satisfied with, information and records of the business.
You can pay a solicitor a lot of money to prepare your paperwork. Or you can save money by downloading the Australia Agreement for Sale of Business.
$29.99
Shareholder Agreement | Australia
Set out how the shares of an Australian corporation are to be transferred or sold under this customizable Australia Shareholder Agreement.
- Each shareholder has a right of first refusal to purchase any shares being disposed of by the other shareholder(s) before the shares can be offered to third parties.
- Shareholders not wishing to exercise their right of first refusal can transfer a pro rata share of the offered securities to the other remaining shareholders.
- The shareholders also have a right of first refusal to purchase new securities being issued by the corporation.
- If a shareholder is in default (as defined in the agreement), the other shareholders have a call option; in other words, they have the option to purchase the defaulting shareholder's shares at fair market value.
- The procedure for avoiding deadlock in votes is set out.
- The template also includes non-competition and confidentiality clauses.
- Every corporation with more than one shareholder should have a Shareholder Agreement in place.
- Available in MS Word format.
- Intended to be used only within Australia.
$34.99