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Agreement To Sell Business

Agreement made this _______ day of ____, 20 __ by and between ______ and ________ (doing business as ______. ) of _________ (hereinafter referred to as "Seller") and ________ (hereinafter referred to as the "Buyer").

Whereas the Seller desires to sell and the Buyer desires to buy the business of a certain _______ now being operated at ____ and known as ______ and all assets thereof as contained in Schedule "A" attached hereto, the parties hereto agree and covenant as follows:

1. The total purchase price for all fixtures, furnishings and equipment is $_____ money payable as follows:

(a) $_____ paid in cash; certified checks, as a deposit upon execution of this Agreement, to be held by ______________.

(b) $_____ additional to be paid in cash, certified checks, at the time of passing papers.

(c) $_____ to be paid by a note of the Buyer to the Seller, bearing interest at the rate of ____ percent per annum with an option of the Buyer to prepay the entire outstanding obligation without penalty. Said note shall be secured by a chattel mortgage and financing statement covering the property to be sold hereunder, together with any and all other property acquired during the term of said note and placed in or within the premises known as ___.

2. The property to be sold hereunder shall be conveyed by a standard form...

(Excerpt)

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