sale of business agreementsale of business agreement: in company law and business law,...: in company law and business law, a contract or agreement which legally transfers the various assets used to conduct a business from the seller to the buyer; these assets could include the business goodwillgoodwill: a business’ intangible and reputational assets s..., stock in trade or work in progress and the benefit of contracts that generate revenue for the business; sometimes called a business transfer agreement or asset purchase agreement; distinct from a share purchase agreementshare purchase agreement: in company law, an agreement gover..., pursuant to which the sharesshares: a unit in a company that quantifies what portion of ... in a company are sold, rather than all the business assets of the company.