This business sale agreement template can be used as a binding document to govern the sale of a business to a new owner. 3.1. The Vendor shall sell and the purchasers shall purchase the business and assets described in the Schedule hereto.County's Obligations. County shall make to the Contractor those payments described in the Payment. Identify the parties involved in the transaction. 2. This form is intended for use with the. The major steps involved in the sale of a business are: Letter of intent. Find the Contract of Carriage here or at any United ticketing facility and through United Customer Service.