A Business Purchase Agreement is a contract that transfers a business entity from its owner to a new buyer. Instead, of submitting the actual contract, you can use our Summary of Purchase Agreement form.A business opportunity plan is an agreement in which a buyer pays a seller for the right to offer, sell, or distribute goods or services. Bill of sale is commonly used but not mandatory. You can use an asset purchase agreement or otherwise paper the sale. Sell agreement is a legally binding contract stipulating when and how one party's interest in a business will be transferred to another party. A business purchase agreement is a legal contract specifying terms for buying or selling a business, including conditions and obligations. Utilize a Letter of Intent (LOI) to initiate negotiations for a sale, summarizing the terms of a forthcoming contract agreement. A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto. To establish a rule through which the university can purchase and sell property necessary to conduct its operations.