Engage the selling owner for a defined handover period after completion, with a handover plan, fees, sale-linked restrictive covenants and an IR35 note.
Selling or exiting a business
Consultancy Agreement – Outgoing Owner
About this document
Buyers of owner-managed businesses usually need the outgoing owner to stay on for a while to introduce customers, transfer know-how and reassure staff. This agreement engages the former owner as a self-employed consultant (or through their own company) for a fixed handover period, setting out what they will do, what they are paid and the restrictions that apply.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Selling or exiting a business
for every document in this category
Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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