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Form #1060

Contract for Sale of Business of Sales Agent

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Contract for sale of business of sales agent for certain automobile - free to use

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Contract for sale of business of sales agent for certain automobile.

It is agreed between the parties here that vendor is selling the goodwill of _________ motor company, ("motor company"), to vendee for a consideration of $_____ cash which is deposited in escrow in _________ bank, ("escrowee"), with a copy of this contract. The amount is to be held in escrow until vendee has a contract with motor company for the sale of _________ motor cars in the territory formerly held by vendor.

After the contract is effected between motor company and vendee, vendee is to take over all the new cars on the floor at that time together with all repairs, accessories, tires, tubes and shop equipment. All the fixtures that vendee desires at the time he or she receives the business, at that time vendee is to pay to vendor the cost of such goods plus freight or express charges.

Escrowee will have authority to deliver the goodwill money of $_____ to vendor at the time the contract is signed between motor company and vendee or one of motor company's authorized agents.

In case vendee is unable to effect a contract for the sale of _________ motor cars as formerly held by vendor the escrow money will be returned to vendee and this contract will be at an end.



 
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Name of Firm Anonymous4
Total Forms Contributed 75
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: automobile, legal forms, sale of business, sales agent

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