Business Sale Asset With Section 179 In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
The Business Sale Asset with Section 179 in Collin form is an Asset Purchase Agreement used for the transfer of business assets from a seller to a buyer. This form outlines the terms of sale, specifying the assets involved, liabilities assumed, and the payment structure for the transaction. Key features include sections on purchase price allocation, assumptions of liabilities, and representations and warranties from both parties. It also addresses conditions precedent to closing and indemnification clauses to protect against potential legal issues. Users are advised to carefully modify the form to fit their specific circumstances and delete any non-applicable provisions. This form is particularly useful for attorneys, partners, and business owners who are executing asset sales, as well as for associates, paralegals, and legal assistants involved in the transaction process. Completing this form ensures legal clarity and protects the interests of both the seller and buyer.
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