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.Identify the parties involved in the transaction. 2. This guide will help you understand how to fill out and sign a business purchase agreement template so that everyone's best interests are protected. Speed up the sale process - have the agreements in place early. Interested in becoming a Bank of America Student Leader? Check out the eligibility criteria for our 8-week summer program to see if you qualify.