Our business and real estate attorneys are experienced in drafting and negotiating complex letters of intent and business purchase and sale agreements. A skilled Houston sales and purchase attorney will help you to make prudent decisions.We have decades of experience advising business owners and entrepreneurs. This article discusses the elements of buying or selling a small business in Texas, whether the business is focused on real estate or otherwise. Additionally, the agreement must specify the sales price, the payment methods, and identify the business to be sold. An Earnest Money Agreement provides the terms and conditions under which you are willing to buy the business and the seller is willing to sell the business. Lawyers at Stephenson Fournier draft buy-sell agreements for business owners in Houston and throughout Texas. Reach us at 713-629-9494. Sell agreement is a specific type of agreement among business owners that pertains to the transfer (or limitation on transfer) of ownership interests. First, it's a legal agreement stating what happens to funds when one owner leaves or passes away.