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this is a look at purchase agreements for businesses or business assets hi this is Tony core DNA group and today were going to go through the business purchase agreement process drafting it just agreement and all the elements that are involved in it thanks okay a couple of things before we start number one I am NOT an attorney and it is highly advised that you consult the services of an attorney when working with business contracts such as a purchase agreement and number two Im using for the purposes of this video the business purchase agreement and joint escrow instructions form although I do want to be clear there are many other options out there the first element of this particular agreement is the offer who its from what its a legal entity or an individual what the offer is for location of that business what the purchase price is whether inventory is being purchased or not what the proposed close of escrow date is the second element is the ag