Speed up the sale process - have the agreements in place early. Is the Seller a resident of the Republic of South Africa for.Income Tax purposes? Use this professionally drawn business sale agreement template to create a sale and purchase contract quickly and inexpensively, without involving advisors. A sale of business agreement is a legally binding contract that governs the transfer of ownership of a business from the seller to the buyer. Complete the relevant details. This includes the Seller and Purchaser's names, the nature of the business being sold and the purchase price. The seller wishes to sell and the purchaser wishes to purchase the business as a going concern on the terms and conditions set out below. Searchable listings of businesses offered for sale and franchise opportunities for buyers and sellers. This document is a business sale agreement between a buyer and seller.