PURCHASE PRICE

1. The purchase price payable for the undertaking and assets agreed to be bought and sold is the total of the amounts computed and allocated as follows:

a) For the equipment --

b) For the stock in trade, its direct cost to the Vendor;

c) For the parts and supplies, their direct cost to the Vendor;

d) For the goodwill--

e) For all other assets agreed to be bought and sold __.

2. The purchase price for the stock in trade shall be established by an inventory taken and valued after close of business on the day before the day of closing. The Vendor shall produce evidence satisfactory to the Purchaser of the direct cost of the Vendor of items included in stock in trade. The Purchaser may exclude from the purchase and sale any item which the Purchaser reasonably considers un-saleable by reason of defect in quality or in respect of which the Purchaser is not reasonably satisfied as to proof of direct cost.

 

NON- COMPETITION

The Vendor covenants with the Purchaser that, in consideration of the closing of this agreement, the Vendor will not operate a ___(type of business) business or in any way aid and assist any other person to operate such a business in______(geographical area) for a period of _____from the date of closing.