Business Sales Agreement Template for Australia

1. Intellectual Property: Specific provisions for IP transfer when the business has significant IP assets

2. Lease Assignment: Required when business premises are leased and the lease needs to be transferred

3. Stock: Detailed provisions for handling inventory when it forms a significant part of the sale

4. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

5. Third Party Consents: Required when specific third party approvals are needed for the sale

6. Franchise Arrangements: Needed when the business being sold is a franchise

7. Environmental Matters: Required for businesses with environmental compliance obligations

8. Transition Services: Used when the vendor will provide post-completion assistance

1. Schedule 1 - Assets: Detailed list of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Contracts: List of business contracts to be assigned or novated

4. Schedule 4 - Employees: Details of employees including positions, salaries, and entitlements

5. Schedule 5 - Intellectual Property: List of all IP assets including registrations and licenses

6. Schedule 6 - Plant and Equipment: Detailed inventory of plant and equipment included in sale

7. Schedule 7 - Warranties: Comprehensive list of vendor warranties

8. Schedule 8 - Lease Details: Details of any premises leases involved in the sale

9. Appendix A - Due Diligence Requirements: Checklist of required due diligence materials

10. Appendix B - Completion Checklist: List of actions required for completion