Build your Business Sale Agreement

Parties

Who is entering into this agreement.

First party name *

First party role *

First party ID / registration no.

First party address

Second party name *

Second party role *

Second party ID / registration no.

Second party address

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BUSINESS SALE AGREEMENT

THIS AGREEMENT is made on [date] at [place]

BETWEEN [first party] ([role]), ID/Reg. No. [ID/registration], of [address]

AND [second party] ([role]), ID/Reg. No. [ID/registration], of [address].

1. Purpose

The parties agree to work together in respect of [business name].

Scope: [purpose]

2. Commencement and duration

This agreement takes effect on [start date].

3. Contributions and sharing

4. Money and payment

Payments shall be made within fourteen (14) days of an invoice being issued.

5. Responsibilities

Each party shall carry out its agreed role honestly, diligently and in the best interests of the venture.

Proper books of account shall be kept and shall be open to inspection by either party.

6. Confidentiality

Each party shall keep the other's business information confidential during this agreement and after it ends.

7. Termination and disputes

Either party may end this agreement by giving thirty (30) days' written notice. Amounts already earned remain payable.

Any dispute shall first be resolved by negotiation, and failing that by mediation in Kenya.

Entire agreement

This document contains the entire agreement between the parties on this matter and replaces any earlier spoken or written understanding.

Signed at [place] on [date].

[first party role]

[first party]

Signature: ______________________

Date: ______________________

[second party role]

[second party]

Signature: ______________________

Date: ______________________

Generated with Daily Contracts Kenya — practical document templates for everyday transactions. This is a general-purpose template for use in Kenya and is not a substitute for legal advice.