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A Business Purchase Agreement is a contract that transfers a business entity from its owner to a new buyer. When you want to buy or sell a business, a Business Purchase Agreement allows both parties to settle on the terms of the sale.A Business Purchase Agreement details the transfer of assets of a business or shares in the company. Download this free Business Purchase Agreement template as a Word document to help you negotiate the successful purchase of a business. A business purchase agreement is a legal document that states all the terms of a sale of a business. A business purchase agreement is a legal document used to set the terms and conditions of a business sale between a buyer and a seller. What it is: A legally binding document that offers the complete framework and intricacies of the business acquisition. This agreement requires the buyer to purchase the business according to the terms and price outlined in the agreement. Quickly create your Acquisition Agreement Template - Download Word Template. Any purchase of an existing business should be done with a written business purchase agreement.