Sale Purchase Agreement

The Bigger Picture In Selling Your Business

What Does a Sale Purchase Agreement Mean?

The Sale Purchase Agreement (also variously known as Purchase of Business Agreement; Business Sale Agreement; Business Purchase Contract; and Business Transfer Agreement) is a business sale and a business purchase contract specifying and detailing the purchase of a business by a willing buyer from a willing seller. The Sale Purchase Agreement (SPA) outlines all details of the sale, such as:

  • The business assets to be transferred
  • The valuation
  • The amount (purchase price) to be paid for the business
  • Payment terms, milestones, and deadlines
  • The arrangements on completion of the business sale
  • The transfer of business contracts
  • The outgoings and other payments between the seller and the buyer
  • Seller’s warranties
  • Post-completion rights and obligations (for both parties)
  • Dispute resolution and arbitration protocol
  • Confidentiality
  • The closing date, location, and signatures page
« Back to Glossary Index

Contact the Firmgains Team

Explore the options available to you, improve your chances of successful sale.

Send an Email

    By submitting this form you are agreeing for us to contact you about our services. Note that all data shared with us is private and will not be shared publicly or passed on to third parties without your written consent. View our privacy policy.

    looking to acquire?

    If you’re seeking a business to buy, then we can increase your deal flow.

    Articles & Insights


    head office

    We are based in the Centre of Reading. Two minutes from the train station and just south of the river. You can reach us at the office, by phone or email during working hours from Monday to Friday.
    Click here for directions


    Fourth Floor
    Reading Bridge House
    RG1 8PR

    main phone0333 050 8225