Affidavit of Residency for Sale of Business | Canada

Prepare an Agreement for Sale of Business between a business broker and a client with this fully editable template.

• The broker will list the business for sale, identify potential buyers and act on behalf of the seller to complete a sale.
• The broker's commission rate will be calculated as a percentage of the sale price or a minimum fixed rate, whichever is more.
• The seller grants the broker a lien over the business assets until the commission is paid in full.
• The parties agree to arbitration in the event of a dispute.
• This template includes a confidentiality agreement which potential buyers must sign before reviewing confidential business information of the seller.
• Available in MS Word format, easy to use and customize.
• This is a generic form that can be used in many jurisdictions.

This information package and checklist is for you if you're planning to buy or sell a business in Canada that is valued in excess of $1 million. You'll discover:

• How to reach a common understanding so you can make the best possible deal for both parties.
• Value and price are not the same thing.
• A comparison of asset sales vs. share sales.
• Different methods of evaluation.
• How goodwill can be evaluated.
• How to calculate normalized sustainable future earnings.
• How to assess the buyer's risk.
• Recasting historical numbers and predicting future numbers.
• How to bridge the gap by sharing the risk, the burden and the tax shield.
• The information applies equally to share sales and asset sales.

The most difficult issue in negotiating the purchase or sale of a business is negotiating price. Download this package and learn the ins and outs of successful price negotiations from an expert.

Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.

• The business is sold as a going concern, including assets, inventory and goodwill.
• The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
• The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
• Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
• The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
• Intended for use only in Canada.

Prepare a Certificate of Incumbency for a Canadian corporation with this free template.

• A Certificate of Incumbency is typically required for transactions such as an asset purchase and sale, or the funding of a mortgage or advancement of credit facilities by a financial institution.
• The Certificate must be prepared and signed by an officer of the corporation.
• It gives information about the current shareholders, directors and officers of the corporation.
• This free Canada Certificate of Incumbency form is a downloadable MS Word document.

Whether you're selling or buying a business, you can protect yourself against claims by the other party in the transaction with this Mutual Release for Asset Purchase and Sale.

• The Release must be signed by both the purchaser and the seller.
• Each party releases the other party from claims or demands with respect to the transaction.
• This is a generic legal form which can be used anywhere.
• In today's world, it's always better to be safe than sorry. Buy and download the Mutual Release for Asset Purchase and Sale before you sign on the dotted line.

Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.

• No interest will accrue on the principal balance prior to default or maturity.
• The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
• The balance may be totally or partially prepaid without bonus or penalty.
• Available in MS Word format.
• Intended to be used only in Canada.