Asset Purchase Agreement Form

State:
Multi-State
Control #:
US-00418
Format:
Word; 
Rich Text
Instant download

Description

The Asset Purchase Agreement form is a legal document used to outline the terms under which a buyer acquires substantially all the assets of a seller's business. Key features include the identification of both parties, a detailed list of assets being sold, the allocation of the purchase price, and the responsibilities of both the buyer and seller regarding liabilities. To fill out the form, users should modify it to reflect their specific facts and delete any non-applicable provisions. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business transactions, providing a clear framework for asset transfer and ensuring legal compliance. The form addresses various contingencies, including warranties, representations, and conditions precedent to closing, which are vital for safeguarding both parties' interests. Attorneys and legal professionals should ensure that the agreement is thoroughly reviewed and customized, while associates and legal assistants can aid in the preparation and filing of the document, ensuring that all relevant details are included. Overall, the Asset Purchase Agreement form is essential for facilitating smooth and legally sound business acquisitions.
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  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale

How to fill out Asset Purchase Agreement - Business Sale?

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FAQ

Parts of an Asset Purchase AgreementRecitals. The opening paragraph of an asset purchase agreement includes the buyer and seller's name and address as well as the date of signing.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.More items...

While buyer's counsel typically prepares the first draft of an asset purchase agreement, there may be circumstances (such as an auction) when seller's counsel prepares the first draft.

Provisions of an APA may include payment of purchase price, monthly installments, liens and encumbrances on the assets, condition precedent for the closing, etc. An APA differs from a stock purchase agreement (SPA) under which company shares, title to assets, and title to liabilities are also sold.

Writing a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...

An asset purchase agreement is exactly what it sounds like: an agreement between a buyer and a seller to transfer ownership of an asset for a price. The difference between this type of contract and a merger-acquisition transaction is that the seller can decide which specific assets to sell and exclude.

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Asset Purchase Agreement Form