In consideration of the Purchase Price and other covenants set forth in this. Description of Property.Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller certain improved real property commonly known as. 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. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. Download free Purchase Agreement Templates adjusted to Michigan laws. For Real Estate, Stocks, Land, Business and more. Download our business purchase agreement templates for free, and ensure that you have a smooth and easy sale process.