Contract for sale of business of sales agent for certain automobile

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Contract for sale of business of sales agent for certain automobile. It is agreed between the parties here that vendor is selling the goodwill of _________ motor company, ("motor company"), to vendee for a consideration of $_____ cash which is deposited in escrow in _________ bank, ("escrowee"), with a copy of this contract. The amount is to be held in escrow until vendee has a contract with motor company for the sale of _________ motor cars in the territory formerly held by vendor. After the contract is effected between motor company and vendee, vendee is to take over all the new cars on the floor at that time together with all repairs, accessories, tires, tubes and shop equipment. All the fixtures that vendee desires at the time he or she receives the business, at that time vendee is to pay to vendor the cost of such goods plus freight or express charges. Escrowee will have authority to deliver the goodwill money of $_____ to vendor at the time the contract is signed between motor company and vendee or one of motor company's authorized agents. In case vendee is unable to effect a contract for the sale of _________ motor cars as formerly held by vendor the escrow money will be returned to vendee and this contract will be at an end.

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