Ancillary Transaction Documents
Ancillary transaction documents for a transaction involving the sale and purchase of a business.
At the completion of a business purchase transaction, a number of documents ancillary to the main Business Purchase Agreement are often required.
These include:
- assignments of specific assets being sold as part of the transaction, including intellectual property and contracts
- transitional services to be supplied by a seller
- buyer and seller board resolutions
- buyer or seller shareholder consents
- release of any security over the assets being sold