Agreement for Purchase of Going Concern by Employee

Sell your business to an employee with this Agreement for Purchase of Going Concern by Employee.

The transaction will take place upon the winding up of current business operations by the present owner.
The agreement terminates the employment of the employee and establishes an agency relationship between the buyer and the seller with respect to ongoing contracts and obligations of the business.
The purchaser, as agent for the seller, will pay the outstanding liabilities and will perform any required warranty or service work under existing contracts with clients.

This Agreement for Purchase of Going Concern by Employee template is available as a fully editable MS Word download.