Make your Free Business purchase agreement

A share purchase agreement (SPA) sets out the terms and conditions of the purchase and sale of company shares.

An asset purchase agreement is made between a buyer and seller and sets out the terms and conditions of the purchase of assets.

An asset purchase agreement deals with the assets of a business. These can include property, contracts, equipment and resources. Purchasing the assets of a company does not give you control over that company. 

A share purchase agreement deals with the sale of shares in a business. Depending on the proportion sold to the buyer this could be a controlling stake or the entire business. The buyer would also be entitled to a share of the profits of the business.

For more information read Share purchase agreements and Asset purchase agreements.

Use this business purchase agreement template:

• if you want to buy or sell the entire share capital in a company or buy or sell specific assets in a business

• to set out the sale in a formal agreement 

• if you need to impose restrictions on the seller post-sale

• for businesses located in England, Wales or Scotland

This business purchase agreement covers:

• details of the buyer and seller

• specifications of the assets or shares

• the completion date of the acquirement 

• warranties, representations and limitations on liability

• notices

• confidentiality

You may need this type of agreement if you:

• wish to sell assets or shares in your business

• are completing a merger and/or acquisition 

• want to purchase a business or certain assets of a business