Asset Purchase Agreement With Earn Out Provision In New York
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
The Asset Purchase Agreement with Earn Out Provision in New York is a comprehensive legal document that outlines the terms by which a Buyer acquires assets from a Seller, including provisions for future payments based on the business's performance post-sale, known as earn-outs. Key features include detailed descriptions of the assets being purchased, assumptions or exclusions of liabilities, the purchase price and payment schedule, security interests, and various representations and warranties made by both parties. The form also addresses covenants related to non-competition and the handling of confidential information, as well as conditions that must be fulfilled before closing. Filling and editing instructions are clear, allowing users to modify the template to fit specific facts, delete non-applicable provisions, and ensure compliance with local laws. This form is particularly useful for legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants who need to formalize asset transactions while considering financial implications and legal protections. Its structured format allows for easy navigation and customization, making it a vital resource for those engaged in the asset transfer process.
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