This is a c.30 page sale & purchase agreement which gives structure to an agreement to buy & sell an accountancy practice.
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.
This version is for transactions where the purchaser is not an incorporated business (i.e. not a Limited Company ), & where the goodwill &/or assets are the subject of the purchase.
Upon request we will be happy to supply you with supporting notes to assist you as you work through this document.
If first completed & then passed to a solicitor (whose normal fees could be in the range of £2,000 – £8,000) to check over, it should save legal fees & compress the timeframe for the deal.
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.