In addition, all the benefits of this purchase agreement are for the sole benefit of the parties concerned and, under no circumstances may a third party beneficiary participate in this contract under the applicable conditions. Until the closing of all sales documents, the seller maintains non-life insurance without any change in the amount of insurance. This sales contract continues all oral or written agreements concluded before the date of the contract. 7. Commit not to compete. The seller may carry on a similar activity within a period of _____ years from the date of conclusion or as long as the buyer or his successor does not carry out any similar transaction, either directly or indirectly, whichever happens first. For the purposes of this Agreement, “transactions similar to those of this transaction” means __ The agreement can help define details during the sale, including aspects of the business for sale (e.g.B. assets or shares). If there are legal possibilities that create problems with this Agreement, seller is responsible for all costs incurred by the aforementioned legal problems. (c) no proceedings, judgments or instructions are currently pending or threatened against him or the company. If one of the parties fails to fulfil the obligations arising from this Purchase Agreement on the agreed dates, this Contract will be cancelled and all deposits and funds will be returned to the Paying Party.
This sales contract is concluded between [Seller.FirstName] [Seller.LastName] (Seller) and [Buyer.FirstName] [Buyer.LastName] (Buyer) and “The Parties” that day by [Agreement.CreatedDate]. (e) until the date of conclusion, it will conduct its activities in the usual and ordinary manner and will not conclude a contract, unless this is necessary in the proper conduct of operations. The buyer has expressed interest in purchasing the business from the seller. 13. Applicable Laws and Taxes: This Agreement shall be governed by the laws of the State ___ PandaTip: This model requires the seller to have no outstanding legal issues that could affect the commercial sale. In return for the purchase and sale of the property, the parties have agreed to the following payment amounts. All deposits for this sales contract must be made by [date of contract]. . .