Business Transfer Agreement Format Sample for Complete or Partial Ownership Transfer
A business transfer agreement format is a legal document used when selling, buying, or transferring business ownership—entirely or partially. It defines the terms of the sale, assets included liabilities, payment structure, and responsibilities of both parties. Whether selling a company, handing over a franchise, or transferring assets to a partner, having a written agreement is essential for legal clarity and protection. In this post, you’ll find professionally written business transfer agreement samples tailored for different needs—complete business sale, partnership change, asset-only transfer, and more.
Sample Business Transfer Agreement Formats
Full Business Sale Transfer Agreement Format
Ideal for complete ownership handover of a company, including assets and liabilities.
Business Transfer Agreement
This Business Transfer Agreement (“Agreement”) is entered into on [Date], by and between:
Seller: _________________ [Seller’s Full Name/Company Name]
Address: ________________________ [Seller’s Address]
Buyer: _________________ [Buyer’s Full Name/Company Name]
Address: ________________________ [Buyer’s Address]
1. Business Details
The Seller agrees to sell, and the Buyer agrees to purchase the business known as _________________ [Business Name], located at ________________________ [Business Address].
2. Included Assets
The sale includes the following:
- All inventory and equipment
- Intellectual property (logos, trademarks, domain names)
- Customer contracts
- Licenses and permits
3. Excluded Items
[List any assets or liabilities not included]
4. Purchase Price
Total purchase price: $______ [Amount]
Payment terms: _____________ [e.g., 50% upfront, 50% on closing]
5. Warranties
The Seller affirms they have full authority to sell the business and that it is free of undisclosed liabilities.
6. Effective Date & Closing
The transfer will be effective on [Date], and closing will occur at [Location].
Signatures:
Seller: _____________________
Buyer: _____________________
Date: ______________________
Business Partnership Transfer Agreement Format
It is best when one partner exits or sells their stake to another person.
Business Partnership Transfer Agreement
This agreement is made on ____________ [Date] between:
Transferor (Current Partner): ____________ [Name]
Transferee (Incoming/New Partner): ____________ [Name]
Business Name: ____________ [Business Name & Address]
1. Transfer of Interest
The Transferor agrees to sell their [Percentage]% ownership stake in the business to the Transferee.
2. Consideration
In exchange, the Transferee agrees to pay $[Amount] on or before [Date].
3. Liabilities & Duties
The Transferee accepts all business obligations moving forward from the transfer date.
4. Release Clause
The Transferor is released from future debts and obligations post-transfer.
Signatures: ____________________
Transferor: _____________________
Transferee: _____________________
Witness: ________________________
Date: ___________________________
Asset-Based Business Transfer Agreement Format
Use this format if only business assets (not full ownership) are being transferred.
Asset Transfer Agreement
This agreement is made on [Date] between:
Seller: ____________ [Business Owner or Company Name]
Buyer: ____________ [Purchaser Name]
1. Transferred Assets
[List each transferred item: machinery, equipment, inventory, IP, etc.]
2. Payment Terms
Total value: $___________ [Amount]
Payment Method: __________ [Cash, Bank Transfer, etc.]
3. No Assumption of Liabilities
The Buyer will not assume any existing liabilities or debts of the Seller.
4. Warranties & Representation
The Seller certifies that all transferred items are legally owned and unencumbered.
Signatures: _________________
Seller: _____________________
Buyer: _____________________
Date: ______________________
Business Transfer Agreement Letter (Simplified One-Pager)
It is suitable for small business deals or informal handovers with mutual consent.
Business Transfer Letter Agreement
Dear _____________ [Recipient Name],
This letter confirms our agreement to transfer the business, _____________ [Business Name], located at _______________________________ [Address], from _____________ [Seller Name] to _____________ [Buyer Name], effective _____________ [Date].
The Buyer agrees to purchase the business for $________ [Amount], and the Seller agrees to transfer all operational control, rights, and existing contracts.
Both parties understand and accept the terms and responsibilities outlined.
Sincerely,
_____________ [Seller Name]
_____________ [Buyer Name]
_____________ [Date]
Key Tips for Writing a Business Transfer Agreement
- Always list assets and liabilities clearly
- Use exact names and business addresses for legal clarity
- Define payment schedules and dates precisely
- If required, get it notarized or reviewed by a legal expert
Include a non-compete or confidentiality clause, especially in competitive industries
