Business Sale Contract Template for New Zealand

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

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

3. Stock: Detailed provisions for valuation and transfer of stock when inventory is significant

4. Vendor Finance: Terms of any vendor financing arrangement if part of purchase price is deferred

5. Training and Handover: Specific provisions for vendor assistance during transition period

6. Key Contracts: Provisions for assignment or novation of important business contracts

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

8. Earn-out Provisions: Structure for additional payments based on future performance

9. Property: Required when real property is included in the sale

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: Employees: List of employees, their terms of employment and entitlements

4. Schedule 4: Contracts: List of business contracts to be assigned or novated

5. Schedule 5: Intellectual Property: Details of all IP rights included in the sale

6. Schedule 6: Lease Details: Details of any leases being transferred

7. Schedule 7: Stock: Stock taking and valuation procedures

8. Schedule 8: Warranties: Detailed warranties given by the vendor

9. Appendix A: Financial Statements: Recent financial statements of the business

10. Appendix B: Required Consents: List of third-party consents required for completion