Who Writes A Purchase And Sale Agreement

The buyer will want to prevent the seller from starting a new competitive business that affects the value of the business for sale. The purchase contract therefore contains restrictive agreements that prevent the seller (for a certain period of time and in certain geographical regions) from recruiting existing customers, suppliers or employees and generally from competing with the company for sale. Such restrictive agreements must be proportionate in terms of geography, scope and duration. Otherwise, they could infringe competition law. A purchase contract is a real estate contract. This is a written agreement between the buyer and seller to exchange real estate. The buyer agrees to pay an agreed amount for the property. The seller agrees to transfer the item to the property. .