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all right so while ago I wrote this article about free business sales agree with completed contracts on hubpages and down it gets most traffic for me it's about the time when I have to sell business that had trouble finding agreement it was a pretty straightforward sale but I still have to decide I didn't want to pay over 2,000 pounds for a lawyer so what I did is I put together you know myself after searching searching searching of Internet what would you now just going to run through the agreement real quickly for all those people that are interested in buying or selling a business so that they can have a little bit more luck than I did so the first thing you r do is put together who the agreement is pre divider the seller who's the Bible's the cellar where the sale is taking place or your address and the address subject matter so what is the subject matter of the business are you selling the idea are you selling store are you some you to have business that would come under the subject matter what do they get in with the sale furniture fixtures and fittings stock goodwill employees ideas things like that point number two pretty important one is the purchase price how much they're paying for it and how much they pay for the equipment what they pay above the equipment is what's known as goodwill and that should we put it deep how much you came up a goodwill point number three is terms of payment how is painted be made are you paying on cash up front I 350 set down in the fifty percent later things like that you are get that out of the way that's pretty important point porn for is about conditions representations and warranties but promises of you made how that we carried out things like that 45 is the risk that both parties tape by entering into agreements 16 is pretty much who pays the sales taxes so let's see what you can do that 1.7 is pretty important it's about your competition the last thing you want to do is buy a business and then find out the president sold you the business is doing the same business next door so what you want to do is to give them to start a non-compete agreement as well what that means is they can't start another business in the same area or within a certain amount of time after selling their business Oregon is closing documents what documents are made available at closing only ten is closing date point 11 is miscellaneous with 12 is acceptance both parties except the you sign uh I mean this is just put together real quickly and obviously if you're selling a high-priced business or you want something more professional or more detail for your specific safe state what you want to do is click on one links to the right or to the bottom of this video they'll take you to a website where you can find a whole bunch of legal forms but you can also find business sales agreements for each specific state in the United States so all 50 states is a different business sales agreement you might want to check that out as well have a good day