Introducing
Flippa Legal

Engage a friendly, vetted, verified lawyer through our platform by purchasing a legal services package or one of our asset-specific template document bundles.

Meet some of the lawyers

Cindy specializes in Business Formation, Business Operations, Buying & Selling Businesses.

Forest specializes in Buying & Selling Businesses, Business Operations, Securities, and Fundraising.

Jane specializes in Tax Issues, Buying & Selling Businesses, Business Formation and Business Operations.

Ramsey specializes in Buying & Selling Businesses, Business Operations, Business Formation, Fundraising, and Securities.

Donya specializes in Buying & Selling Businesses, Business Operations, and Business Disputes.

Are you ready to buy a business? Or are you about to sell one?

Selling or buying a business can be just as, if not more challenging, than building and running one! It can be tempting to get the deal done quickly and move forward. It is important however to seek proper advice and document the terms of sale clearly. This will ensure the sale is legally binding and that assets are identified accurately and transferred correctly. It also helps you to avoid and resolve disputes in future. 

Our aim is to ensure that anyone who buys and sells is comfortable with the transaction they’ve entered into — that it was safe, secure and won’t cause issues down the line. For this reason, we’ve partnered with ContractsCounsel for Flippa Legal. You can now engage a lawyer by purchasing one of two legal services packages or otherwise a bundle of template legal documents which are asset-specific. The size and complexity of the transaction will determine which option is best suited to you.

Legal Service Packages

Connect with a lawyer by purchasing a basic or complex legal services package — recommended for transactions where the purchase price exceeds USD$10,000. A Tax Nexus Analysis add-on is available for purchase if required.

Basic Legal Services Package

USD$1,000

Use this package if the sale/purchase is simple
and/or purchase price is under USD$100,000.

Includes:
• 30-minute introduction call/consultation
• Simple document drafting services
• 30-minute call to discuss documentation
• One round of draft document revisions
• 1 x complete Asset Purchase Agreement
• 1 x complete Bill of Sale

Summary
Our Basic Legal Package is designed for use for smaller, simple acquisitions where the buyer and seller are focused on completing the transaction and do not anticipate complex or bespoke terms with extensive negotiation. The Basic Legal Package includes a basic draft of an asset purchase agreement, which documents the basic terms of the transaction, as well as a Bill of Sale which documents a change of ownership of assets.

Premium Legal Services Package

USD$2,200

Use this package if the sale/purchase is more complex and/or purchase price exceeds USD$100,000.

Includes:
• 60-minute introduction call/consultation
• Complex document drafting services
• 60-minute call to discuss documentation
• Two rounds of draft document revisions
• 1 x Confidentiality Agreement (if/where required)
• 1 x Term Sheet (if/where required)
• 1 x Letter of Intent (if/where required)
• 1 x Exclusivity Agreement (if/where required)
• 1 x Asset Purchase Agreement
• 1 x Bill of Sale of Assignment and Assumption of Equity

Summary
Our Premium Legal Package is designed for medium to large size, more complex acquisitions where the buyer and seller require the drafting and negotiation of custom, complex terms to complete the transaction. The Premium Legal Package includes the preparation of documents including a complex asset purchase agreement which documents the unique terms of the transaction and any of those described above depending on the circumstances.

By purchasing a legal services package, you acknowledge that you have read and understood the Flippa Legal Terms and Conditions.

Template Legal Documents

Purchase and download in PDF form a suite of asset-specific template legal documents.

eCommerce

Documents:
1. Asset Purchase Agreement
2. Bill of Sale

Amazon FBA

Documents:
1. Asset Purchase Agreement
2. Bill of Sale

Blog/Content

Documents:
1. Asset Purchase Agreement
2. Bill of Sale

SaaS

Documents:
1. Asset Purchase Agreement
2. Bill of Sale

App

Documents:
1. Asset Purchase Agreement
2. Bill of Sale

Domain

Documents:
1. Asset Purchase Agreement

*By purchasing a template document bundle, you acknowledge that you have read and understood the Flippa Legal Terms and Conditions. Our FAQs below will also answer any questions you may have about the suitability of packages for your needs. Please note that a domain name sale does not require a bill of sale.

FAQ’s

Who is ContractsCounsel?

ContractsCounsel is a marketplace which allows users to source and compare pricing proposals from vetted lawyers in the US. Flippa has partnered with ContractsCounsel to connect buyers and sellers seamlessly with one of five vetted, qualified, experienced lawyers who are well-placed to assist with the safe and secure acquisition, or disposal of, a business or asset.

Should I buy a suite of template documents or a legal services package?

If the business or asset you are buying or selling has a purchase price which exceeds USD$10,000, we strongly recommend you purchase a Basic or Premium Legal Package. For simple, lower-value transactions where the purchase price is under USD $10,000, our Template Legal Documents are a good place to start.

Should I buy a basic or premium legal services package?

If you are buying or selling a business or asset with a purchase price between USD$10,000 and $100,000, the Basic Legal Package is recommended. For a purchase price over USD$100,000, the Premium Legal Package is preferred.

Do I get to select the lawyer I work with?

Unfortunately no as not all of our lawyers will be available on demand. Rest assured, all lawyers are vetted, verified and qualified to provide expert advice and assistance when it comes to the sale and purchase of a business or asset. When you purchase a legal services package, you will be introduced to a lawyer by a ContractsCounsel representative within 24 hours.

How soon will I connect will I hear from the lawyer?

When you purchase a legal services package, a ContractsCounsel representative will make contact with you via phone and/or email and introduce you to your lawyer. For this purpose, Flippa will provide your name, email address and phone number to ContractsCounsel. As part of this process, you will need to give ContractsCounsel details of the business or asset you are looking to purchase, and the Flippa listing ID. 

Do I enter into an agreement with the lawyer?

When you purchase a legal services package through Flippa Legal, your relationship with the independent lawyer will be governed by the individual engagement letter provided to you by that lawyer. No attorney/client relationship is established unless and until you have signed an independent engagement letter which will establish the attorney-client relationship. The lawyer will provide you with his/her personal and/or company details (such as email address and name of firm) and will confirm the scope of work stipulated above. They will describe in detail the type of work included in the package such as phone advice, letter of advice, review, drafting, negotiation, meeting or other, and the specified time for completion. If no time frame for completion has been specified by the lawyer, you should expect that he/she will complete the work within a reasonable period of time.

Can both buyer and seller use the same legal services package?

No. You will need to purchase your own legal services package and will be assigned a different lawyer.

How soon will I receive my bundle of template documents?

Template documents will be available for download immediately as fillable PDFs once payment has been processed/confirmed.

Why is an asset purchase agreement important? What does it cover?

An asset purchase agreement facilities a transfer of ownership of assets from one party to another. It clearly defines the terms of sale to ensure they are legally binding and minimises the likelihood of a dispute occurring in future. Note: It is important to distinguish an asset purchase agreement from a share purchase agreement. A share purchase agreement deals with the transfer of securities or equity and may involve a partial change in ownership of an entity. A typical asset purchase agreement will acknowledge the transfer of ownership of assets from seller to buyer, identify the assets to be transferred and address issues such as confidentiality, conditions precedent to sale, employees, post-sales support and training, relevant warranties and indemnities and restraints. You can learn more about an asset sale agreement here.

What is a bill of sale?

A bill of sale documents the change in ownership of assets. You can read more about a bill of sale here.

How do I complete the template documents?

Please read each template document in the bundle carefully and be sure to complete all required fields. This will include an effective date, seller and buyer name and address, name of business, purchase price and price breakdown, conditions precedent, completion date, assets to be transferred including intellectual property, contracts/agreements to be transferred, employees to be transferred (if any), restraint of trade (if agreed), any additional warranties and payment of taxes.

Before signing, please check all information is correct and that the other party has had adequate time to read and understand the terms. Do not forget to sign and date the agreement and keep a copy of all signed, complete documents in a safe and accessible place.