If either party fails to perform its obligations under this Commercial Purchase Agreement on the agreed dates, this Agreement will become void and all deposits and funds will be returned to the Paying Party. This agreement is comprehensive and balanced because it protects the interests of both parties. It defines the terms of the sale, including the purchase price, how the website is delivered to the buyer, and how ownership is transferred. The agreement also includes seller`s guarantees and a non-compete clause that prevents the seller from competing with the buyer. Until the conclusion of all sales documents, the seller maintains property insurance without modification of the sum insured. PandaTip: This section of the template states that the buyer is entitled to request a refund of all funds paid if the terms of this business purchase agreement are not completed by the specified date. If legal opportunities arise that cause problems with this Agreement, Seller will be responsible for all costs incurred as a result of the above legal issues. That`s why I suggest doing a lot of your own research and getting everything you need in an off-market sale. These are some of the best and so I (mainly) sell my IPs (private sale). I get to work faster and the buyer usually gets a good deal. PandaTip: Use the template text box above to describe the company and any other assets included in this commercial sales agreement. Selling a domain and website is a complicated transaction because there are several intellectual property rights and other factors to consider. This domain name template and the website sales agreement allow the sale of a complete website, including all right, title and interest in and to the domain name and associated website; all trademarks, trade names, service marks and related trademark rights; copyrights in designs, graphics, content, programs, databases, mailing lists, forms, internal search engines, and advertisements on or off the Website; and all Internet traffic to the domain name.
Remember to start on smaller websites at first and make sure you know the contract details. Check out the list above of things you can “search” for as you go through this step. An email conversation is good and maybe a Skype phone or convoy could also be good. All deposits for this business purchase agreement must be made on [contract date]. Interest rates are [interest rate]% for a period of 30 years from the closing of the sale. In the event that Buyer fails to comply with the terms set forth in this Commercial Purchase Agreement, all deposits will be withheld by Seller and considered lump sum damages. This Commercial Purchase Agreement is between [Seller.FirstName] [Seller.LastName] (Seller) and [Buyer.FirstName] [Buyer.LastName] (Buyer) and known as “The Parties” on that day by [Agreement.CreatedDate]. .