Business sale agreement, built for Australian law
Sell or buy a business as a going concern, with the tax and title traps handled.
Ready in about 15 minutes
What this document does
This agreement sells the assets of a business as a going concern: goodwill, plant, stock, intellectual property and the benefit of nominated contracts. It manages the parts that catch people out, including the GST going-concern exemption, transferring employees, assigning the lease, clearing security over the assets, and a restraint that stops the seller competing. You answer plain questions and download it ready to complete with your accountant and solicitor. An Australian solicitor reviewed and approved the template.
The questions we’ll ask
The Seller
Seller signatories
The Buyer
Buyer signatories
The business
Deal shape
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Questions people ask.
Still not sure this is the one? Describe your situation and we’ll tell you what you need, or when you need a real lawyer.
No jargon, no upsell.
- Is this an asset sale or a share sale?
- An asset sale. The seller sells the assets of the business (goodwill, plant, stock, intellectual property, contracts), not the shares in the company that owns it. If you are buying the company itself, you need a share sale agreement instead.
- How does the GST going-concern exemption work?
- If the business is sold as a running concern, the buyer is registered for GST, and the seller supplies everything needed to keep it operating, the sale can be GST-free under section 38-325. The agreement records that in writing (a requirement of the exemption) and adds a gross-up so the seller is protected if the ATO later disagrees. Get accounting advice.
- Do the employees transfer automatically?
- No. Employment does not transfer automatically in Australia. The agreement runs the terminate-and-offer process: the seller ends the employment at completion and the buyer offers comparable employment, with the accrued entitlements valued and adjusted for in the price.
- Can I sign it online?
- Not yet. Because a company signs under section 127 with two officers, a full business sale can need up to four signatures across the two parties, which is more than the online signing flow handles today. Download it and sign by hand.
- Is this a subscription?
- No. It is $99 once. No monthly fee, no auto-renewal.
Often needed next
- $79Draft it
Restraint of Trade Deed
Stop a departing worker or a business seller taking your clients with them.
- $49Draft it
Commercial Sublease / Licence to Occupy
Turn the empty half of your office or warehouse into rent, without risking your own lease.
- $79Draft it
Company Constitution
Set the internal rules for your company, adopted under section 136.
Not sure this is the right document?
Describe your situation and we’ll tell you exactly what you need, or when you need a real lawyer instead.
Ready for your business sale agreement?
$99 once, no subscription required, ready in about 15 minutes.