Need a sample letter?

Question

I am going to take over a small catering business soon but will have to pay a quarter of the cash as deposit by next week. I need to have a written agreement signed between both parties of the said sum inorder to avoid problem where money concerned.
Can anyone write a sample for me? A simple one would do.

Answer 1

Dear Rose;
The question you are asking is lacking a lot of detail. Agreements are contracts the usually protect the party that wrote it. If the other side wrote it, would be advisable for a lawyer to review and amend it before you sign. If you want to write a simple agreement that there is an understanding of How much you will pay, when you will pay. Any debt or taxes incured to this date are the responsability of the seller. What equipment, client, accounts that are included in the purchase price. It is usually advised to include a no competition clause for 5 yrs. This means the seller can't take your money and the next day be your competetor. If this agreement is between you and a friend, remember it is business in a friendly manner but it is business just the same. Nonetheless, if you would like to talk further, write me back.