Asset Purchase Agreement Short Form Practical Law In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
The Asset Purchase Agreement short form practical law in Broward provides a structured framework for the purchase of a business's assets between a seller and buyer. Key features include detailed sections on the assets purchased, liabilities assumed, the purchase price allocation, and payment terms. The agreement includes provisions for non-competition and consulting agreements, ensuring both parties' interests are protected during and after the transaction. Filling and editing instructions highlight the need to modify the template to fit specific facts, such as listing excluded assets and adjusting payment schedules. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it streamlines the asset acquisition process and clarifies the responsibilities of each party. Specific use cases include small to medium business transactions where comprehensive yet concise agreements are essential for protecting legal rights and establishing clear terms of sale.
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