A business sale agreement, sometimes called a Business Purchase Agreement, is a document that the seller of a company and its selected buyer can conclude when an entire company is sold. A business sale agreement allows a seller and a buyer to sketch out the terms of selling business in a way that reminds them of their full understanding. A business sale agreement contains provisions relating to the basic logistics of the sale, such as of course price information, but also the information necessary for a fair relationship between the parties, such as for example. B the allocation of responsibility. When a company`s assets are purchased, only one aspect is purchased, not the business itself. This means that you can buy a customer list, a product or an intellectual property. The company keeps its tax returns, name and commitments.