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 Purchase Agreement With Earn Out Provision In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00418
Format:
Word;
Rich Text
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An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. A seller also needs to separate its right to an earnout from the severance provisions of its employment agreement with the buyer.Part 3 of the life cycle of a deal series examines the logistics of drafting a purchase agreement for an acquisition, its key provisions and objectives. An earnout is a negotiated payment arrangement over time between a buyer and seller. The seller agrees to receive at least part of the purchase price.