Question 1

What does this service comprise?

Accepted Answer

This service involves custom preparing a Sale of Business Assets Agreement to your exact needs, covering all aspects of the business transfer including assets, liabilities, employees, and goodwill.

Question 2

What could be considered business assets?

Accepted Answer

The nature of assets of a business vary widely from one business to another, but may include the following for example:

• Equipment and machinery;
• Stock and inventory;
• Customer lists and contracts;
• Supplier agreements;
• Debtors book;
• Intellectual property and trade names;
• Goodwill;
• Leasehold rights.

Question 3

How does this differ from a Sale of Shares Agreement?

Accepted Answer

A sale of business assets transfers specific assets while the company entity stays with the seller. A share sale transfers ownership of the entire company including all assets and liabilities. For share transactions, we offer a [Sale of Shares Agreement](/southafrica/southafrica-custom-sale-of-shares-agreement).

Question 4

What about Section 34 of the Insolvency Act?

Accepted Answer

Section 34 requires the sale of a business to be published in the Government Gazette and local newspapers if the sale includes stock-in-trade. Our agreement addresses these requirements and guides you through the compliance process.

Question 5

How long does delivery take?

Accepted Answer

Standard delivery is 3 business days from when we receive your completed questionnaire. If you need your agreement sooner, we offer an Express Delivery option which guarantees delivery within 1 business day. You can select Express Delivery as an add-on during checkout.

Question 6

What if I need changes to my agreement?

Accepted Answer

Your order includes 2 rounds of revisions at no additional cost, which must be requested within 1 week of receiving your draft. This ensures you have ample opportunity to review the document and request any adjustments. Additional revision rounds beyond this can be arranged at a nominal fee.

Question 7

Who will draft my agreement?

Accepted Answer

Your Sale of Business Assets Agreement will be prepared by a qualified South African attorney with a minimum of 12 years of post-qualification experience in M&A transactions. Our attorney ensures proper structuring and compliance with applicable legislation.

Question 8

What information will I need to provide?

Accepted Answer

After purchase, you'll receive a detailed questionnaire asking about buyer and seller details, comprehensive asset schedules, purchase price and payment terms, employee transfer arrangements, warranties and indemnities, restraint of trade provisions, and completion conditions.

Custom Sale of Business
Assets Agreement

Agreement Details

Who Is This For

Tailored To Your Needs

Prepared By Experts

Why This Sale of Business Assets Agreement Works

Clear Asset Transfer

Warranty Protection

Section 34 Compliance

Attorney Drafted

Amendments Included

Due Diligence Ready

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Meet Some Of Your Expert Team

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Custom Sale of BusinessAssets Agreement