Free Business Purchase Agreements (Word)
Legal
by charlottebergeron
Buying or selling a business is a major transaction, and a purchase agreement records exactly what's changing hands and on what terms. These 41 templates give buyers, sellers, and brokers a framework covering the price, assets included, payment structure, and closing conditions. Layouts range from simple asset sales to fuller agreements with representations and warranties.
Each template is editable in Microsoft Word, so you can name the parties, list what's included, and adjust the terms to the deal. Given the money and liability involved, and because business-sale rules and taxes vary by state, have an attorney and accountant review the final agreement. Download the version that fits your transaction and start from an organized, professional draft.
When to use this Business Purchase Agreement template
- A small business owner selling a local bakery to a first-time buyer needs a straightforward agreement outlining the $450k price, equipment included, and 10% deposit terms—this template keeps it clear for both parties.
- A franchise owner selling multiple locations to a private equity group requires a detailed agreement covering non-compete clauses, transition timelines, and asset allocations—these templates handle complex asset transfers.
- A real estate agent acting as a broker for a $2M restaurant sale needs a contract that specifies contingencies like lease assignments, inventory transfers, and seller financing—these cover all critical buyer/seller protections.
- A startup founder acquiring a competing tech company’s intellectual property must document licensing terms, source code transfers, and confidentiality obligations—these templates ensure clarity on intangible asset purchases.
Which format should I download?
Every template here is available in Word format because it’s the most flexible for legal drafting. Word allows you to edit clauses, add custom terms, and collaborate with lawyers—critical for business deals where specifics matter. Avoid PDFs here, as they’re non-editable once downloaded. Use Word to tailor conditions like earn-outs, due diligence periods, or industry-specific warranties before consulting legal counsel.
How to use this Business Purchase Agreement template
Should I include a ‘reps and warranties’ section even if the deal is simple?
Yes, but only if the parties agree on basic guarantees like ownership rights or financial health. For example, a seller might warrant there are no outstanding lawsuits—this protects buyers. Skip lengthy disclaimers unless the deal involves complex assets like trademarks or employee contracts.
What’s the difference between an ‘asset purchase’ template and a ‘stock purchase’ template?
An asset purchase focuses on tangible/intangible items (equipment, inventory, patents) and lets the buyer avoid inherited liabilities. A stock purchase transfers full ownership, including debts and lawsuits. Choose asset purchase for liability protection; stock purchase if you want the buyer’s existing corporate structure.
Can I use one of these to outline seller financing terms?
Yes, but add a promissory note section detailing interest rates, balloon payments, or default conditions. For example, if the seller finances $100k at 8% with a 5-year term, specify late fees and security interests in the agreement. Always review with a lawyer to comply with usury laws.
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