ࡱ> Root EntryRoot Entry FFk&Data d1Table9qTMacros ޠFkPNFk8{l  !"#$%&'(*+,-./01234567m:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcefghijkonpqrstuvwxyz|}~CompObj jObjectPoolPNFkPNFkWordDocument))MSDigSig(Author)$@SummaryInformation( )DocumentSummaryInformation8VBAޠFkPNFkPROJECT   !"#$%&'()*+,-./0123456789:;=>?@ABCDEFGHIJKLMNPRSUWXYZ\]_`abcdefghijklmnopqrsuvwxyz{|}~՜.+,D՜.+,p, px  /  4Buying a Business - Seller's Transaction Guarantee Title 8@ _PID_HLINKSA`69msbp://-r:1A50C19B/  FMicrosoft Word Document MSWordDocWord.Document.89qThisDocumentThisDocumentAutoNewAutoNewID="{94F88914-8403-11D2-9E40-00C04FB160FE}" Document=ThisDocument/&H00000000 Module=AutoNew Name="TemplateProject" HelpContextID="0" VersionCompatible32="393222000" CMG="1D1FBAA1460C4A0COh+'0), LX t   4Buying a Business - Seller's Transaction Guarantee uyiMicrosoft Corporationllicr sell_tra.dotporMicrosoft Corporationll11rMicrosoft Word 9.0o@@2N~@vVb@RFQG'VT$m &WordMicrosoft Word   @Times New Roman*wgw  A - 2  05/13/98   2 w 5 '@"Tahoma !w*wgw - - !6-   2    - - ' - !6-  &2  Buying a Business      2  :2  Sellers Transaction Guarantee       2    - - ' - !l-  - !lI - - !-- !-- !-- !_ -- !_ -- !l-- !l_ -@"Tahoma !w*wgw - 2 =  '2  1. 2  .*g2 = [company name] is in good standing under the laws of [state].               2  c '2  2. 2  .*2 v [company name] board of directors has authorized (through board resolutions to be delivered to buyer at closing) the s                             +2  igning of this sales      'k2 ,@ contract and all of the transactions called for in the contract.              2 ,_ o '2  3. 2  .*2  [company name] has good and marketable title to the assets that are being sold and will convey them to buyer free and clear of all                                'F2 ' encumbrances, except for the assets lisl       2 -_ ted in Exhibit [number or alpha ID] which will remain subject to the encumbrances listed there.t                     2  n '2 & 4. 2 & .*2 & The balance sheet that [company name] gave buyer correctly reflects the assets, liabilities, and net worth of the business as of [date], and                                 '(2 P there will be no ma      h2 P > terial changes between the balance sheet date and the closing.              2 P e '2  5. 2  .*2  The income statement that [company name] gave buyer accurately reflects the income and expenses of the company during the period                              'k2 @ covered, and no significant changes in the level of income or ex             d2 ; pense will occur between the contract date and the closing.o             2  e '2 J 6. 2 J .*2 J The lease under which [company name] occupies space at [address] is in full effect and is assignable to buyer. [company name] will take all                            'O2 s- necessary steps to assign the lease to buyer.d          2 s{ e '2  7. 2  .*2   Between th  2  e contract date and the closing, [company name] will operate the business as usual and will take no action out of the ordinary.d                              2  e '2 D 8. 2 D .*2 Dr [company name] has complied with all applicable laws and regulations of the federal, state, and local governments.                         2 D . '2  9. 2  .*2   There are no      2 } lawsuits or claims pending or threatened against [company name] other than those listed in Exhibit [number or alpha ID], and                           '2 ^ [company name] does not know of any basis for any other lawsuit or claim against the business.                   2 l h '2 > 10. 2 > 0A2 >$ [company name] has disclosed to buye      2 >)g r all material facts that would reasonably affect a prudent investor's decision to purchase the assets                          '22 g covered by this agreement.      2 g} o ' 2  o '- !4-- !4-- !4-- !4-- !4^ -- !6-- !-- !-- !-- !6^ -- !^ -- !^ -- 2  oSystem    -                           08 *H )0%10 *H 0g +7Y0W03 +70%7)O•0 0 *H .p8J'rMߠ?00)ъĽ5ǛSV0  *H 010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.0 970512070000Z 991231070000Z010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.00  *H 0. h|,-.  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SN{*4 - wY Z|,*-\O0O,*qTqT-Microsoft Business PlannerGo to Article :  HYPERLINK "msbp://-r:1A50C19B/" Creating a Sales Agreement When Buying a Business Buying a Business Sellers Transaction Guarantee This sample language can be used as a guide when forming a transaction guarantee that is agreeable to you and the seller. Attach this transaction to the sales agreement. Customize this as necessary to meet your companys needs. Note: When you save this template as a document, note the document's file name and location. To edit the document next time, you must open it using Word. Every time you open this template from Microsoft Business Planner, a new document is created. Copyright Fred S. Steingold 1997, Legal Guide for Starting & Running a Small Business, Volume 1, published by Nolo Press, Inc.  Buying a Business Sellers Transaction Guarantee [company name] is in good standing under the laws of [state]. [company name] board of directors has authorized (through board resolutions to be delivered to buyer at closing) the signing of this sales contract and all of the transactions called for in the contract. [company name] has good and marketable title to the assets that are being sold and will convey them to buyer free and clear of all encumbrances, except for the assets listed in Exhibit [number or alpha ID] which will remain subject to the encumbrances listed there. The balance sheet that [company name] gave buyer correctly reflects the assets, liabilities, and net worth of the business as of [date], and there will be no material changes between the balance sheet date and the closing. The income statement that [company name] gave buyer accurately reflects the income and expenses of the company during the period covered, and no significant changes in the level of income or expense will occur between the contract date and the closing. The lease under which [company name] occupies space at [address] is in full effect and is assignable to buyer. [company name] will take all necessary steps to assign the lease to buyer. Between the contract date and the closing, [company name] will operate the business as usual and will take no action out of the ordinary. [company name] has complied with all applicable laws and regulations of the federal, state, and local governments. There are no lawsuits or claims pending or threatened against [company name] other than those listed in Exhibit [number or alpha ID], and [company name] does not know of any basis for any other lawsuit or claim against the business. [company name] has disclosed to buyer all material facts that would reasonably affect a prudent investor's decision to purchase the assets covered by this agreement.   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