Business Sale Deposit Contract Template for South Africa

1. Bank Guarantee: Alternative provisions if deposit is provided by bank guarantee instead of cash

2. Interest Provisions: Terms for interest earned on deposit if held in interest-bearing account

3. Third Party Consents: Required when certain third party approvals are needed for the transaction

4. Competition Commission Approval: Required for larger transactions that need regulatory approval

5. Landlord Consent: Required when business premises are leased and landlord approval is needed

6. Exchange Rate Provisions: Required when deposit is paid in foreign currency

7. VAT Provisions: Detailed VAT handling if transaction is subject to VAT

8. Electronic Signature Provisions: Required when agreement will be signed electronically

1. Business Description Schedule: Detailed description of the business being sold

2. Asset Schedule: List of assets included in the sale

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

4. Due Diligence Requirements: Detailed list of documents and information to be provided for due diligence

5. Timeline Schedule: Key dates and deadlines for the transaction

6. Required Consents: List of third-party consents required for the transaction

7. Deposit Payment Schedule: If deposit is to be paid in installments, detailed payment schedule

8. Bank Account Details: Verified bank account details for deposit payment