This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Sale In Business Definition In Bronx
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State:
Multi-State
County:
Bronx
Control #:
US-00418
Format:
Word;
Rich Text
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In an asset sale, a firm sells some or all of its actual assets, either tangible or intangible. When companies let go of some assets in exchange for needed cash or other forms of compensation, that is the sale of assets.An asset sale occurs when the assets of your business are sold to a buyer. An asset sale means that you are planning to sell all of your business's assets. Asset sales can involve both tangible and intangible assets. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.