You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. This contract sets out the key terms of the transaction, including the purchase price, payment terms, and the assets and liabilities included in the sale.Articles of Agreement are known for their installment land contract, which usually requires two closings. Proper documentation is essential to formalize the seller financing deal. Seller financing refers to when the seller of a business provides part or all of the financing for the buyer to complete the acquisition. An ownerfinancing contract outlines the terms of a sale where the seller acts as the lender. This blog post will discuss these different types of seller financing contracts and what they should include ensuring your interest are covered. Seller financing or owner financing enables the property seller to act as a mortgage lender to the buyer. Seller financing can streamline the home purchase.