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.The business bill of sale template is an effective guide that walks you through the steps needed to complete the transaction. Additionally, provide the effective date of the agreement. Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. Business SAle Agreement - Free download as PDF File (. Customize any template in minutes with PandaDoc. This guide will help you understand how to fill out and sign a business purchase agreement template so that everyone's best interests are protected.