Question 1

What does a Custom Sale of Business Assets Agreement include?

Accepted Answer

Your custom Sale of Business Assets Agreement will include:

• Detailed asset and liability schedules
• Purchase price and adjustment mechanisms
• Representations and warranties from both parties
• Pre-closing and post-closing covenants
• Closing conditions and deliverables
• Indemnification provisions
• Employee transfer provisions (where applicable)
• IP and ancillary assignment references
• Dispute resolution mechanisms

Each section is tailored specifically to your transaction, ensuring comprehensive protection for both buyer and seller.

Question 2

How quickly will I receive my agreement?

Accepted Answer

The standard delivery time is 3 business days from the completion of our questionnaire. If you select Express Delivery at checkout, you'll receive your agreement within 1 business day.

After checkout, we'll email you a detailed questionnaire to capture all necessary information about the assets, liabilities, purchase price, closing mechanics, and any special provisions you require.

Question 3

Who drafts the agreement?

Accepted Answer

Your agreement is drafted by licensed Australian lawyers with extensive experience in corporate transactions, mergers and acquisitions, and business asset sales.

Our legal team has handled numerous asset purchase transactions across various industries and ensures your agreement complies with Australian corporate and commercial law.

Question 4

How do you gather the necessary information?

Accepted Answer

After you complete checkout, we send you an AI-powered questionnaire that guides you through all the essential details we need:

• Details of assets being purchased
• Liabilities being assumed
• Purchase price and payment terms
• Adjustment mechanisms
• Representations and warranties
• Specific covenants or conditions
• Employee transfer requirements
• Closing timeline

The questionnaire is designed to be thorough yet easy to complete, typically taking 15-30 minutes.

Question 5

Are revisions included?

Accepted Answer

Yes, one round of amendments is included in the base price. After reviewing your initial draft, you can request changes, and we'll refine the agreement to ensure it meets your requirements.

If you need additional rounds of revisions or want to discuss complex provisions, you can schedule an optional consultation with one of our lawyers.

Question 6

Can I speak with a lawyer about my agreement?

Accepted Answer

Absolutely. While the base service includes comprehensive drafting and one round of amendments, you can add a consultation if you'd like to discuss:

• Complex transaction structures
• Unusual asset or liability provisions
• Special indemnification needs
• Regulatory compliance concerns
• Negotiation strategy

Consultations can be added during or after the drafting process.

Question 7

What makes this different from a template?

Accepted Answer

Templates are generic and rarely cover the specific nuances of your transaction. Our custom agreements are:

• Drafted specifically for your assets and deal structure
• Tailored to your industry and business model
• Reviewed by experienced Australian lawyers
• Compliant with current Australian law
• Designed to minimize disputes and ambiguity
• Include proper schedules and ancillary references

You get professional, deal-specific drafting at a fraction of traditional legal fees.

Question 8

Does the agreement cover intellectual property and goodwill?

Accepted Answer

Yes. The agreement includes comprehensive provisions for the transfer of intellectual property assets, including:

• Trademarks and brand names
• Patents and trade secrets
• Copyright materials
• Domain names and social media accounts
• Customer lists and goodwill
• Software and databases

We'll also include references to any necessary ancillary assignments or registrations required for IP transfers.

Question 9

Is the agreement compliant with Australian law?

Accepted Answer

Yes, every agreement is drafted to comply with:

• Australian corporate law
• Corporations Act 2001 (Cth)
• Competition and Consumer Act 2010 (where applicable)
• Relevant state and territory laws
• Industry-specific regulations
• Fair Work Act 2009 (for employee transfers)

Our lawyers stay current with legislative changes to ensure your agreement reflects the latest legal requirements.

Question 10

Can the agreement be amended after the sale closes?

Accepted Answer

The agreement itself includes provisions for post-closing amendments if both parties agree. However, we recommend getting the agreement right before closing to avoid complications.

If circumstances change after closing, we can help draft amendment agreements or deeds of variation for an additional fee.

Question 11

What guidance do you provide for implementation?

Accepted Answer

Along with your agreement, we provide:

• Plain-English explanations of key provisions
• Guidance on closing deliverables
• Checklist of required actions
• Timeline for completion
• Recommendations for ancillary documents
• Tips for smooth execution

This ensures you understand your obligations and can implement the agreement effectively.

Question 12

What happens after I receive the agreement?

Accepted Answer

After you receive your draft agreement:

1. Review it carefully with any advisors
2. Request any amendments (one round included)
3. We'll finalize the agreement
4. You'll receive the final version in Word format
5. Share with the other party for negotiation
6. Execute when both parties are satisfied

We remain available to answer questions during the review and negotiation process.

Custom Sale of Business
Assets Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Sale of Business Assets Agreement Works

Deal‑Specific

Reps & Warranties

Closing Ready

IP & Assignments

Fewer Disputes

Amendments & Support

Join 6000+ Businesses Who Trust Us

Meet Your Expert Team

Tamara

Alicia

Johanna

Ayesha

Geraint

Kyle

Drew

Chris

Antonella

FAQs

Custom Sale of BusinessAssets Agreement