A business model describes the rationale of how an organization creates, delivers, and captures economic value. The term business model is thus used to represent the core aspects of a business, including purpose, offerings, strategies, trading practices, and operational processes and policies. This agreement deals with the sale of a business model to a client or a potential client. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.