This Agreement of Purchase and Sale (this "Agreement") is made as of this ____ day of. Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement.This Agreement of Purchase and Sale (this "Agreement") is made as of this ___ day of. (vi) all Contracts relating to indebtedness for borrowed money or any financial guaranty;. Make sure to close the transaction at a title company and have the deed and title put into your name. This is a loan the seller makes to the buyer to facilitate the sale. If this Contract is contingent on financing: (i) Buyer will make written application for the financing and any lender-required property insurance no later than. Financing. Generally, the buyer will not simply pay cash for the business. Outside or seller financing will need to be arranged.