This form involves the sale of a small business where the real estate on which the Business is located is leased from a third party. This form assumes that the Seller has received the right to assign the lease from the lessor/owner.
The Oregon Agreement for Sale of Business by Sole Proprietorship with Leased Premises is a legal document used in the state of Oregon when a sole proprietor wishes to sell their business, which operates from a leased property. This agreement acts as a legally binding contract between the seller and buyer, outlining the terms and conditions of the sale. The Agreement for Sale of Business by Sole Proprietorship with Leased Premises covers various important aspects such as the purchase price of the business, specific assets and liabilities included in the sale, and any conditions related to the transfer of lease for the premises. It also includes provisions for the payment and financing of the purchase, allocation of profits and losses, and any warranties or representations made by both parties. One type of Oregon Agreement for Sale of Business by Sole Proprietorship with Leased Premises is the standard agreement, which is used when there are no specific variations or additional provisions required. It covers the essential elements of the sale, ensuring clarity and protection for both the seller and buyer. Another type of Oregon Agreement for Sale of Business by Sole Proprietorship with Leased Premises is the customized agreement. This version allows for additional provisions to be added or modified to suit the unique circumstances of the sale. These could include specific conditions for the transfer of licenses, non-compete agreements, or any additional seller financing arrangements. To ensure the legality and accuracy of the agreement, it is highly recommended consulting with an experienced attorney familiar with Oregon business laws. They can assist in drafting the agreement, reviewing all terms, and making any necessary adjustments to tailor it to the specific requirements of the sale. Keywords: Oregon, Agreement for Sale of Business, Sole Proprietorship, Leased Premises, legal document, seller, buyer, terms and conditions, purchase price, assets, liabilities, transfer of lease, payment, financing, allocation of profits and losses, warranties, representations, standard agreement, customized agreement, licenses, non-compete agreements, seller financing, attorney, business laws.
