Speed up the sale process - have the agreements in place early. Use this professionally drawn business sale agreement template to create a sale and purchase contract quickly and inexpensively, without involving advisors.A sale of business agreement is a legally binding contract that governs the transfer of ownership of a business from the seller to the buyer. This business sale agreement template can be used as a binding document to govern the sale of a business to a new owner. The most common contractual form is the contract of purchase and sale. One party must have the intention of buying and the other of selling. Download free legal agreements. Domestic Worker Agreement. Learn what a business purchase agreement looks like and how to draft one effectively.