Business Transfer Agreement

BUSINESS TRANSFER AGREEMENT This Agreement is executed on [effective_date] between [seller_name] (hereinafter "the Seller") and [buyer_name] (hereinafter "the Buyer"). WHEREAS the Seller carries on the business described below and has agreed to transfer it to the Buyer as a going concern. BUSINESS DESCRIBED [business_description] 1. CONSIDERATION The total consideration for this transfer is Rs. [consideration]. 2. ASSETS AND LIABILITIES [assets_included] 3. TRANSFER AS GOING CONCERN The Seller shall transfer the business, including its assets, contracts, and goodwill as described above, to the Buyer as a going concern. 4. WARRANTIES The Seller warrants that the business is free from undisclosed liabilities and that the Seller has full right and authority to effect this transfer. IN WITNESS WHEREOF the parties have executed this Agreement on the date first written above. SELLER BUYER [seller_name] [buyer_name]