HEADS OF AGREEMENT FOR SALE OF BUSINESS

Crafted by legal professionals in Australia, our documents are not only legally sound but also easily customisable to suit your specific requirements. With each purchase, receive a free legal drafting booklet to guide you through the editing process seamlessly.

Online Advertising Agreement

What is included

 

A Heads of Agreement (HoA) for the sale of a business is a preliminary, non-binding document that outlines the key terms and conditions agreed upon by the buyer and the seller before drafting a formal, legally binding sale agreement. It serves to summarise the main points of negotiation and provides a framework for the detailed sale contract. While the HoA itself is generally not enforceable, it demonstrates the parties’ intent to proceed with the transaction and can include binding provisions on certain aspects such as confidentiality and exclusivity.

 

Heads of Agreement for Sale of Business includes:-

  • Identification of business
  • Identification of property from which the business is operated
  • Payment of holding deposit
  • Vendor’s costs to be paid from deposit
  • Deposit to be returned if lease does not proceed, less costs.
  • Acceptance
  • Terms to be included in contract for sale
  • Terms to be included in lease
  • No binding agreement until contract formalised.

4 pages long.

Includes GST

 

 

 

 

 

Comprehensive Coverage

Ensuring you have everything you need in one place.

Free With Every Purchase

Our legal drafting booklet to guide you through the necessary steps in editing your documents.

Easy Customisation

Each document is designed to be easily editable, allowing you to tailor the agreements to your specific needs without hassle.

Legally Sound

All our documents are crafted by legal professionals and adhere to Australian legal standards, giving you confidence in their validity.

Suitability

Australia

Preview Sample

 

HEADS OF AGREEMENT FOR SALE OF BUSINESS
What is a Heads of Agreement

A Heads of Agreement for the sale of a business is a crucial document that outlines the key terms and conditions agreed upon by the buyer and the seller before drafting a detailed sale contract. It provides a clear framework for the negotiation process, ensuring that both parties have a mutual understanding of their expectations and responsibilities. While generally not legally binding, it includes important provisions like confidentiality and exclusivity that protect the interests of both parties during the negotiation process.

Key Elements

Key Elements of a Heads of Agreement for the Sale of a Business

  1. Parties Involved:

  2. Business Details

  3. Purchase Price:   

  4. Deposit

  5. Assets Included:   

  6. Liabilities

  7. Due Diligence:

  8. Conditions Precedent

  9. Confidentiality

  10. Exclusivity

  11. Transition Period

  12. Governing Law:

  13. Non-Binding Nature

  14. Signatures

About us

Established since 2015, Precedents Online leads the industry with a diverse collection of over 300 legal templates. Our legal documents, meticulously crafted by practicing Solicitors and renowned legal authors, provide you with the precise solutions you seek. Step into a world where legal paperwork is made easy .

 
Eric Kalde is the author of over 300 +  practice guides published through the leading Australian legal publishers Precedents Online.
 
Lawyers all over Australia rely on Eric Kalde’s precedents and practice guides in their legal practice.
Free Legal Drafting Handbook

Precedents Online, helping you draft like a pro! Receive a free handbook with any purchase of our customisable legal document templates.  Start drafting with confidence using our expertly crafted precedents with our bonus guidebook.

Choose Your Template