Business Purchase/Sale/Lease Lawyers
Gary L. Black
associate
David A. Thomas
partner
R. Bruce Smith
associate
Michael A. Mann
partner
Business Purchase/Sale/Lease
Business Purchase and Sale/ Lease
The term "purchase and sale agreement" refers specifically to the contract between the vendor and purchaser for the transfer of either shares or assets of a going concern. The purpose of the agreement, is to provide certainty as to the value, identity and ownership of the assets or shares to be sold, and the amount and method of payment to be provided in exchange for the assets or shares.