This is a c.30 page sale and purchase agreement which gives structure to an agreement to buy & sell an accountancy practice. It is intended for use in situations where a Limited Company is purchasing the goodwill only (i.e. the assets of the practice) but NOT the SHARES.
While it cannot suit all situations it may be adapted & offers an excellent starting point setting out a range of clauses which you may wish to use in your final agreement.
Supporting notes. If you would like help understanding any part of the agreement, tell us and we will send supporting notes by email at no charge.
If first completed before being passed across to a solicitor to check over (whose normal fees could be in the range of £2,000 – £8,000), it should save on legal fees & compress the timeframe for a deal, depending on the instructions given to the solicitor.
If you also purchase A.P.M.A.’s preceding document master Heads of Agreement (and possibly the Due Diligence Issues document), the time to completion & the legal costs could be reduced further.
Please note that in providing you with certain draft templates for your use, we do not, under any circumstances, provide legal advice and we strongly recommend that you consider taking up such advice when preparing the necessary contractual documentation to complete your transaction.
Licence: Purchased for use on one transaction. If you need it for a second transaction, please purchase again or contact us.