Step 1 Record the Parties' and Business's Information​​ A business purchase agreement should detail the buyers' and sellers' names. Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement.The purpose of this chapter is to enunciate the public policies pertaining to governmental procurement from nongovernmental sources. A Sales and Purchase Agreement (SPA) is a legal contract that details the agreement's terms and conditions. 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. Download our business purchase agreement templates for free, and ensure that you have a smooth and easy sale process. Fill Online, Printable, Fillable, Blank Commercial Purchase Agreement VIRGINIA REALTORS Form. A purchase agreement is a form used for making an offer on a home. It contains a set of conditions and contingencies that are presented to the seller of a home.