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Civil law. Part II. Elements and contents of a business sale agreement (the most important)

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21. ELEMENTS AND CONTENT OF THE AGREEMENT FOR THE SALE OF THE ENTERPRISE

By the parties contracts are entrepreneurs (individual or collective - commercial legal entities), sellers of state and municipal enterprises in the course of their privatization are the relevant federal or local property funds.

The subject of the contract is an enterprise, which is a property complex consisting of material elements, in which the main (premises, buildings, land plots) and working capital (equipment, raw materials, money) are distinguished, and intangible elements, in which the property rights and obligations of the enterprise are distinguished, the exclusive rights of the enterprise that individualize it and its products (the right to a trade name, the right to a trademark), the civil law obligations of the enterprise to third parties, including monetary debts. The subject of this agreement is its essential condition.

The composition and value of the enterprise being sold are determined on the basis of its inventory; before signing the contract, the following documents must be drawn up: an inventory act, a balance sheet, an independent auditor's report on the composition and value of the enterprise, as well as a list of its obligations (debts).

The transfer of the enterprise is carried out according to the act of transfer, which indicates data on its composition, shortcomings of the transferred property, as well as notification of creditors.

The moment of transfer of the enterprise from the seller to the buyer is the day of signing by the parties of the deed of transfer. From this moment on, the risk of accidental loss of the company's property passes to the buyer.

The rights of the seller, obtained by him on the basis of a license, are not subject to transfer (in case of violation of this provision, both parties are jointly and severally liable to the creditor of the enterprise being sold).

The contract for the sale of an enterprise comes into force from the moment of its registration. The ownership of the enterprise passes to the buyer from the moment of state registration of this right.

Seller's Responsibilities:

a) transfer ownership of the enterprise to the buyer;

b) transfer the enterprise to the buyer;

c) prepare the enterprise for transfer to the buyer and draw up a transfer act, from the moment of signing of which the enterprise is considered transferred;

d) notify its creditors about the sale of the enterprise, otherwise the seller bears joint liability with the buyer.

In the case of the transfer of an enterprise with defective property, the buyer has the right to demand a reduction in the purchase price, replacement of property of inadequate quality, provision of the missing property.

In the event that a transaction for the sale of an enterprise is recognized as invalid, the rules on the return to the parties of everything received under the transaction are applied only if such consequences do not significantly violate the rights of creditors, parties to the agreement, other persons and do not contradict public interests.

The rules on the sale of real estate provided for by the Civil Code of the Russian Federation are applied to the contract for the sale of an enterprise.

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