There might be business deals you can safely write up on a restaurant placemat. The sale of your business isn't one of them. Yes, the "keep it simple" principle has its limits. To protect your legal and financial interests, you need to put together a detailed sales contract for you and the buyer to sign.
Here are 10 items to consider including in your sales contract:
What the buyer is buying
Usually the buyer will purchase business assets. These typically include the furniture, fixtures and equipment. The assets also might include lease rights, phone numbers, the business name and a catchall
