This document, a Business Sale Agreement, lays out the terms and conditions for the sale of a business. It specifies the effective date, identities of the seller and buyer, and addresses the purchase price, responsibilities, and warranties of both parties. It ensures that current addresses are accurate for correspondence and that future documents will be sent to these addresses unless otherwise notified in writing. The document requires adherence to legal formalities, including the correct transfer of business assets and employment conditions, compliance with tax obligations, and the need to notify any status changes affecting the business' legal and financial standing. Warranties protect both parties, confirming the seller’s ownership and transfer capabilities without encumbrances, and that no third party claims exist against the business. The buyer agrees to review documentation for accuracy. The agreement emphasizes the legality and binding nature of each party’s representations, ensuring that the sale conditions are met.