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Need recommendations for what agreements to use when buying a route


raquel

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Finally meeting with the seller of a route this week, and I'm pretty sure I'm going to purchase it. What kind of sales contract should be used when purchasing a vending route? My plan is to have it financed by the seller.

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Make sure they aren't going to just take the locations from you and leave you with their busted machines. Not sure how you would word that in a contract or if that kind of thing happens but that would be pretty low down if it did.

 

Edit: some kind of non-compete clause

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Your agreement should have several parts, the actual purchase agreement, a non compete clause, the financing agreement, a detailed list of exactly what you are buying listing each location and the equipment. You can get some ideas by going to nolo.com.

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