Standard Buy Sell Agreement Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Standard Buy Sell Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Standard Buy Sell Agreement

"I need a Standard Buy Sell Agreement for the sale of my technology manufacturing business in Auckland, with specific provisions for intellectual property rights transfer and employee transition, to be completed by March 2025."

Document background
The Standard Buy Sell Agreement is a fundamental commercial contract used in New Zealand for documenting the sale and purchase of assets, businesses, or goods. This document is essential when parties need to formalize a commercial transaction with clearly defined terms, conditions, and protections for both buyer and seller. It is designed to comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and related legislation. The agreement covers crucial elements such as purchase price, payment terms, warranties, conditions precedent, and completion requirements, while providing flexibility to accommodate various transaction types and sizes. It is particularly useful for businesses engaging in asset sales, business transfers, or substantial commercial purchases where formal documentation of terms and conditions is necessary for legal certainty and risk management.
Suggested Sections

1. Parties: Identifies and provides full legal details of the buyer and seller

2. Background: Sets out the context of the agreement and key assumptions

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase, including the basic commercial terms

5. Purchase Price: Specifies the price, payment terms, and any adjustments

6. Conditions Precedent: Lists any conditions that must be satisfied before completion

7. Pre-Completion Obligations: Details what each party must do between signing and completion

8. Completion: Specifies the completion process, timing, and requirements

9. Warranties: Contains seller's warranties about the goods/assets being sold

10. Limitations of Liability: Sets out limitations on the seller's liability under the warranties

11. Confidentiality: Governs the treatment of confidential information

12. Dispute Resolution: Specifies how disputes will be resolved

13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law

14. Execution: Signature blocks and execution formalities

Optional Sections

1. GST: Required when the transaction is subject to GST, specifying GST treatment and obligations

2. Security Interest: Include when there are secured payments or retention of title arrangements

3. Due Diligence: Include when there is a due diligence period before final commitment

4. Post-Completion Obligations: Include when there are ongoing obligations after completion

5. Non-Competition: Include when restricting seller's future competitive activities

6. Intellectual Property: Include when IP rights are part of the sale

7. Employee Matters: Include when employees are affected by the sale

8. Insurance: Include when specific insurance requirements need to be maintained

Suggested Schedules

1. Schedule 1 - Assets: Detailed list and description of assets being sold

2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of purchase price components and calculations

3. Schedule 3 - Warranties: Detailed warranties given by the seller

4. Schedule 4 - Completion Obligations: Detailed list of what each party must deliver at completion

5. Schedule 5 - Excluded Assets: List of assets specifically excluded from the sale

6. Schedule 6 - Encumbrances: List of any encumbrances affecting the assets

7. Appendix A - Form of Transfer Documents: Templates for required transfer documentation

8. Appendix B - Disclosure Letter: Seller's disclosures against the warranties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Retail

Manufacturing

Professional Services

Technology

Agriculture

Construction

Hospitality

Real Estate

Transport and Logistics

Healthcare

Education

Financial Services

Mining and Resources

Energy

Relevant Teams

Legal

Finance

Commercial

Operations

Procurement

Risk and Compliance

Corporate Services

Business Development

Sales

Executive Leadership

Company Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Manager

Finance Manager

Procurement Manager

Contract Manager

Risk Manager

Company Secretary

Managing Director

General Manager

Sales Director

Business Owner

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Purchase Sale Agreement Commercial (Real Estate)

A New Zealand-governed agreement for the sale and purchase of commercial real estate, outlining terms, conditions, and obligations of the transaction.

find out more

Sell Agreement

A New Zealand-governed agreement documenting terms and conditions for the sale of assets or goods between a seller and purchaser.

find out more

Real Estate Purchase Offer

A formal offer document for purchasing real estate in New Zealand, outlining purchase terms and conditions in compliance with local property laws.

find out more

Vessel Purchase And Sale Agreement

A New Zealand law-governed agreement for the sale and purchase of marine vessels, ensuring compliant transfer of vessel ownership and associated rights.

find out more

Standard Buy Sell Agreement

A New Zealand-compliant agreement template for documenting the sale and purchase of assets or businesses, including key transaction terms and conditions.

find out more

Basic Buy Sell Agreement

A New Zealand-compliant agreement template for basic sale and purchase transactions, setting out essential terms and conditions under NZ law.

find out more

Purchase And Sale Agreement Extension Form

A New Zealand legal document that formally extends the settlement date or key deadlines in an existing Purchase and Sale Agreement.

find out more

Commercial Purchase And Sale Agreement

A New Zealand-governed agreement for the commercial sale and purchase of goods or assets between business entities.

find out more

Buy Sell Life Insurance Agreement

A New Zealand-governed agreement establishing insurance-funded business succession arrangements between business owners, detailing ownership transfer procedures upon death or other specified events.

find out more

Assignment Purchase Agreement

A New Zealand-governed agreement for the purchase and transfer of rights or assets from an assignor to an assignee.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.