Use this professionally drawn business sale agreement template to create a sale and purchase contract quickly and inexpensively, without involving advisors. Is the Seller a resident of the Republic of South Africa for.Income Tax purposes? 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. Use this professionally drawn business sale agreement template to sell a retail or trading business. Comprehensive and easy to customise. 3.1. The Vendor shall sell and the purchasers shall purchase the business and assets described in the Schedule hereto. This business sale agreement template can be used as a binding document to govern the sale of a business to a new owner.