A sale of business contract should be properly prepared and considered when selling your business. Parties need to be correctly identified, precisely which aspects of the business (whether assets, licenses, records and data bases) are being sold need to be identified and further you are at law required to make proper disclosure to a purchaser otherwise the purchaser may rescind the contract. Finally, if you operate from a leased premises, your landlord will need to consent to transferring or assigning the lease to the purchaser. Sales of business can be immensely complex, a lawyer will ensure that the process is completed smoothly and ensure that you are compliant with your obligations each step of the way.