A Business Purchase Agreement is a contract that transfers a business entity from its owner to a new buyer. Identify the parties involved in the transaction. 2.Sell agreement is a contract between different entities within a corporation to buy out the interests of a deceased or disabled member. Set it up as a template. The template is exceptionally detailed, covering every possible scenario with crystal clear terms. The design is professional and user-friendly, making it easy to fill out and customize to my specific needs. Buyer agrees to buy and Seller agrees to sell that certain parcel of real property situate in the Village of.