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 From Related Party In Michigan
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
Asset purchase is to limit the purchaser's responsibility for the liabilities and obligations of the seller. Line 1: Enter the name, address, and Tax Identification Number (TIN) of the other party (either the purchaser or seller).In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. So when tangible personal property is part of an asset sale, the parties have to determine whether an exemption covers the asset sale.