Jack Nicholas and Jill Biden seek your help in drafting a contract. Jack presently owns a clothing store named, Hip Styles, and the building out of which the store operates in Westfield, New Jersey. He wants to sell the business and building to Jill for $750,000 including the business's name, inventory, fixtures, and furniture. Jack is also required to work at the store for the first six months to help Jill transition as the business's new owner. In return, Jill must make a down payment of $250,000 when the contract is signed and the remaining $500,000 when the deal "closes" within the next 60 days and Jill takes exclusive possession of the business and its building.

Write a short but enforceable contract (no more than 1-2 pages) that covers the key points of the agreement including at least 2-3 "boilerplate" provisions. The contract should contain a series of discrete paragraphs including separate paragraphs for each boilerplate provision.