Learn what a business purchase agreement looks like and how to draft one effectively. Identify the parties involved in the transaction. 2.When it comes to filling out a real estate purchase agreement, several key players are involved: buyers, sellers, real estate agents, and attorneys. A business purchase agreement marks the official start to the sale of a business. Read our blog to better understand each part of this important document. Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. The easiest way to create a Business Purchase Agreement is to use a template that is customized to your state. Discover the essential components of a purchase agreement contract and use our template to draft your next legally binding document.