Purchase Agreement for Business​

This agreement typically specifies the obligations and responsibilities of both parties, including any post-sale commitments or transition assistance. It excludes any personal assurances by the seller that could otherwise guarantee the business's financial obligations or performance post-purchase.

This document protects both parties by clearly defining the scope of the sale, any exclusions, and the rights of each party. In the absence of guarantees, investors or financing institutions might require additional due diligence or alternative assurances from the business to mitigate potential risks.