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The agreement sets out the transfer mechanics of the seller’s business interests, including optional selection of assets to be conveyed via exhibits or detailed categories such as inventory, intellectual property, goodwill, licenses, contracts, records, and real property. It also specifies excluded assets, assumed liabilities, excluded liabilities, and the purchase price payment terms.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/business-purchase-agreement-state-of-actioncompletenessstyle-phrase/281995/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/business-purchase-agreement-state-of-actioncompletenessstyle-phrase/281995.png","ImageObject",442,249,{"name":88,"@type":89},"Fez","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-19","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does the agreement specify at the beginning?","Question",{"text":109,"@type":110},"It states the effective date and identifies the seller and buyer parties, including the seller’s business entity details and location placeholders.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are the assets being transferred determined?",{"text":114,"@type":110},"The seller and buyer select either Exhibit A assets, all assets, or specific asset categories (e.g., inventory, intellectual property, goodwill, contracts, books and records, real property).",{"name":116,"@type":107,"acceptedAnswer":117},"Which liabilities does the buyer assume and which are excluded?",{"text":118,"@type":110},"The buyer assumes liabilities selected for the business (via Exhibit C or specific categories like accounts payable, accrued payroll, taxes, and environmental liabilities) and excludes liabilities tied to excluded assets (with options for additional Exhibit D detail).","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},281995,1790248758,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":79},2336478940794,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","BoloSign-B2025-022  \nState of    \nBUSINESS PURCHASE AGREEMENT  \nThis Business Purchase Agreement (the “Agreement”) is made effective as of the   day of   , 20  (the “Effective Date”) by and among:  \nSeller(s) :   (collectively referred to as the “Seller”) and  \nBuyer(s) :   (collectively referred to as the “Buyer”) .  \nWHEREAS, the Seller owns and operates a business identified as  [ Business name], a   [State] : ( Please check one)  \n☐ Corporation  \n☐ Sole proprietorship  \n☐ Limited liability company  \n☐ Partnership  \n☐ Limited partnership  \n☐ Limited liability partnership  \nsituated at   [Address], which engages in the business of:  \n  [ Description] (the “Business”); and  \nWHEREAS, both parties intend for the Seller to sell the Business to the Buyer at the price, terms, and conditions specified below, along with any attached documents and exhibits, if applicable.  \nNOW, THEREFORE, in light of the reasons stated and in consideration of the mutual promises and agreements of the parties involved, the Seller and the Buyer hereby agree as follows:  \n1. Sale of Business. Under the terms and conditions outlined in this Agreement, the Seller agrees to sell, assign, transfer, convey, and deliver to the Buyer, who agrees to purchase and acquire from the Seller, all rights, title, and interests that the Seller holds in the Business, including: ( Please check one)  \n☐ The assets detailed in Exhibit A attached hereto.  \n☐ ALL inventory, receivables, equipment, patents, trademarks, licenses, business records, goodwill, going concern, and other assets of the Business, whether tangible or intangible.  \n☐ The following assets only: ( Please check all that apply)  \n☐ (a) Cash. Cash and cash equivalents of the Business available on hand or in financial institutions.☐ (b) Receivables. Accounts receivable, notes receivable, and other amounts owed to the Business.☐ (c) Inventory. All inventory and works in progress, regardless of location.  \nb BoloSign  \nBoloSign-B2025-022  \n☐ (d) Intellectual Property: This includes all intellectual property associated with the Business, such as  \npatents, copyrights, trade secrets, know-how, trademarks, software, and any other content created for  \nthe Business.  \n☐ (e) Goodwill: The goodwill and ongoing reputation of the Seller concerning the Business.  \n☐ (f) Licenses and Permits: All transferable licenses, permits, approvals, registrations, certificates, and  \nother authorizations pertinent to the Business.  \n☐ (g) Contracts and Other Agreements: All contracts and agreements, including leases, supply  \ncontracts, purchase orders, and other third-party contracts essential for the operation of the Business.  \n☐ (h) Books and Records: All books, records, surveys, ledgers, files, documents, lists, reports, and  \nother related materials and data associated with the Business.  \n☐ (i) Prepayments: All prepaid expenses incurred by the Business.  \n☐ (j) Equipment and Fixtures: All equipment, fixtures, and other tangible assets belonging to the  \nBusiness.  \n☐ (k) Real Property: All real estate owned by the Business, including buildings, fixtures, structures,  \nsignage, and improvements.  \n☐ (l) Insurance: All insurance policies of the Business along with any claims, refunds, or proceeds  \nrelated to them.  \n☐ (m) Tax Refunds: All refunds or claims for any federal, state, local, or foreign taxes paid by the  \nBusiness.  \n☐ (n) Subsidiaries and Investments: All membership or equity interests in any subsidiary, joint venture,  \nor other investments held by the Business.  \n☐ (o) Personnel Records: All personnel records and files pertaining to employees of the Business.  \n☐ (p) Claims or Rights: All claims, causes of action, or rights of recovery associated with the Business.  \n☐ (r) Other:    \n2. Excluded Assets. Notwithstanding any provisions to the contrary in this Agreement, the Sellershall not sell, assign, transfer, convey, or deliver to the Buyer the following assets: ( Please check one)  \n☐ Not applicable.  \n☐ As","cbCaiqhroDPOwPtu","https://ap.wps.com/l/cbCaiqhroDPOwPtu","pdf",390169,10,"English","# Sale of Business\n## Sale scope and checklists\n# Excluded Assets\n# Assumed Liabilities\n# Excluded Liabilities\n# Purchase Price","[{\"question\":\"What does the agreement specify at the beginning?\",\"answer\":\"It states the effective date and identifies the seller and buyer parties, including the seller’s business entity details and location placeholders.\"},{\"question\":\"How are the assets being transferred determined?\",\"answer\":\"The seller and buyer select either Exhibit A assets, all assets, or specific asset categories (e.g., inventory, intellectual property, goodwill, contracts, books and records, real property).\"},{\"question\":\"Which liabilities does the buyer assume and which are excluded?\",\"answer\":\"The buyer assumes liabilities selected for the business (via Exhibit C or specific categories like accounts payable, accrued payroll, taxes, and environmental liabilities) and excludes liabilities tied to excluded assets (with options for additional Exhibit D detail).\"}]","Business Purchase Agreement - State of - Action/Completeness/Style Phrase | PDF",1789569499]