- Prior to any payment being made, the particulars of sale and any additional terms and conditions need to be clearly detailed in a sales agreement
- It is clear to both buyers and sellers what is to be sold and transferred as part of a sale on Flippa
- The agreement needs to be signed and agreed by both parties
- The agreement should be made available to Flippa
Flippa strongly recommends that all buyers and sellers enter into a sale agreement prior to any payment being made and any assets being transferred.
This will enable both parties to be fully aware of what is expected to be delivered both as part of the sale, what is expected post sale such as post-sale support; and any conditions around payment such as installments and milestone payments.
We have a template sales agreement available in all Deal Completion Areas for your convenience, however we recommend you seek your own legal advice with respect to the final contract of sale.