It is vital that it is clear to both buyers and sellers what is to be sold and transferred as part of a sale on Flippa and that both parties are in complete agreement with any terms or conditions that are to be included as part of the sale.
- 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
- 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 instalments and milestone payments.
We have a template sales agreement available for your convenience, however we recommend you seek your own legal advice with respect to the final contract of sale.