A Practice Survival Kit Sample Agreements To Buy And Sell
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12Practice Continuation Agreements:
A Practice Survival Kit
Sample Agreements to Buy and Sell
The illustrative material in this appendix has been included for informational purposes only. Practi-
tioners who feel that any of this material would be useful in their own agreements are advised to con-
sult legal counsel for specific advice on the appropriateness and effect of such use.
Exhibit 1: Agreement to Buy and Sell
This agreement is made in
County, as of,_______, 20___, by and between JANE
DOE, individually in her capacity as survivor of the marriage of John Doe, Deceased, and JANE
DOE, and in her capacity as independent executrix of the estate of John Doe, deceased, hereinafter
referred to as Seller, and XYZ & COMPANY, a ____________ [general partnership] [professional
corporation], hereinafter referred to as Buyer.
The parties hereby agree as follows.
I. RECITALS
Buyer hereby agrees to purchase from Seller and Seller hereby agrees to sell to Buyer the following
assets of the business known as John Doe, CPA, a sole proprietorship:
A. All furniture, fixtures, and filing cabinets used in the business of John Doe, CPA, more par-
ticularly described in Exhibit A attached hereto and incorporated by reference herein for all
purposes;
B. All client lists of the audit clients of John Doe, CPA, more particularly described in Exhibit B
attached hereto and incorporated by reference herein for all purposes;
C. All client lists of the general tax clients of John Doe, CPA, more particularly described in
Exhibit C attached hereto and incorporated by reference herein for all purposes.
II. WARRANTY OF OWNERSHIP
Seller represents and warrants to Buyer that on the date hereof, Seller is the owner and holder of all
assets described herein.
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