The Asset Purchase Agreement is a formal contract that outlines the terms under which a buyer acquires certain assets from a seller, particularly relevant for individuals involved in real estate transactions, including attorneys and legal assistants. Key features of this form include detailed provisions regarding the identification and valuation of purchased assets, buyer obligations, and seller warranties. The form specifies which assets are included or excluded in the sale, outlines the purchase price, and details payment terms. It also highlights the importance of security interests, non-competition agreements, and representations regarding corporate existence. Filling out this form requires careful modification to reflect the specific parties and transaction details in the Bronx real estate context. Target audiences such as attorneys, partners, and paralegals will find this document essential for ensuring compliance with local regulations during sales and purchases, while also safeguarding both parties' rights. Overall, the Asset Purchase Agreement offers a structured template for facilitating asset transfers in real estate, promoting clarity and legal protection.