---
title: What is a sales agreement and what should it include?
description: The sales agreement lists inventory, names the parties, describes pre‑closing operations and access and details all assets, liabilities and fees. Prime 100’s customer service team is ready to help.
---

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# What is a sales agreement and what should it include?

## Essential elements of a sales agreement

A sales agreement is the formal contract that transfers business ownership. It should list all inventory included in the sale, identify the seller, buyer and business, and outline how the business will be run before closing and what level of access the buyer will have to informationhttps://www.sba.gov/business-guide/manage-your-business/close-or-sell-your-business#:~:text=Make%20a%20sales%20agreement. The agreement must note adjustments, broker fees and any other aspects relevant to the terms and include all assets and liabilitieshttps://www.sba.gov/business-guide/manage-your-business/close-or-sell-your-business#:~:text=of%20agreement. An attorney should review the agreement to ensure it is accurate and comprehensivehttps://www.sba.gov/business-guide/manage-your-business/close-or-sell-your-business#:~:text=You%20must%20prepare%20a%20sales,sure%20it%E2%80%99s%20accurate%20and%20comprehensive. We help you collect and organise the necessary documents and guide you through legal considerations, always ready to answer your questions and provide reassurance.

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