CocoSign provides a free Massachusetts purchase and sale agreement template that you can download, edit, and use. Additionally, provide the effective date of the agreement.Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. This business sale agreement template can be used as a binding document to govern the sale of a business to a new owner. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. Massachusetts Business Purchase Agreement Template. Utilize our no-cost Business Purchase Agreement to document the sale of a business. Buyer's name and address. Seller's name and address. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer.