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Sale of an online shop

March 10, 2011 | 30,00 EUR | answered by Steffan Schwerin

In the contract, it states in the preamble "...the transfer of the entire business assets..." or in §1 "...with the fixed assets, but without any other assets and liabilities..."

What does this mean?
From our side, only the shop (domain including the photos, customer data, texts displayed in the online shop), as well as the supplier relationships (simply address transfer), and our inventory (see Annex 1) are to be sold.

I am now concerned that our current assets (checking account, savings account, office furniture, etc.) may also be included in this.

So: Can I sign the contract without worries if I only want to sell the domain, the shop (images, texts, customer data) + inventory?

Steffan Schwerin

Dear questioner,

I will answer the questions you have asked, taking into account the circumstances described and your input, as follows:

Indeed, you should not leave the contract as it is and should define more precisely what falls under the business assets.

If you leave the term as it is, everything will indeed fall under it.

If you only want to sell the domain and the shop including the inventory, this should also be explicitly stated in the contract.

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Best regards,

Steffan Schwerin
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