The Purchase with Contract in Maryland is a legal document that outlines the agreement between a Seller and a Buyer for the purchase of assets. This form is essential for transactions involving business acquisitions, ensuring that both parties clearly understand their rights and obligations. Key features of this form include detailed sections regarding the assets being sold, liabilities assumed by the Buyer, and the purchase price allocation. It also includes clauses that address warranties, representations, and indemnification, which protect the interests of both parties. Users need to modify the document as necessary and delete any non-applicable provisions to fit their specific transaction. Additionally, the form highlights the conditions precedent to closing, necessary documentation for the transaction, and procedures for termination of the agreement. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business transactions, as it provides a structured approach to negotiations and closing processes, ensuring compliance with Maryland laws.