MEMORANDUM OF SALE The Purchaser's offer and agreement to purchase will be summarized in Memorandum of Sale. If you're planning a buyout, getting a buyout agreement in place is essential.But how do they work exactly? The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Sell agreement could be a vital contract for your business. Our legal team can help with the drafting and implementation of this important document. Article 20-C Food Processing Establishment licenses apply to food manufactures, processing plants, wholesale bakeries, and retail food establishments. Determine the purchase price and payment terms. Decide whether the transaction will be an asset purchase or a stock purchase.