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 Multiple Buyers In Ohio
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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An Asset Purchase Agreement is an agreement between a buyer and a seller of a business as to the terms and conditions of the sale of the business. This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable.An asset purchase agreement (APA) is a legal document that serves as a framework for how business assets will be transferred from the seller to the buyer. Who are the buyers and sellers? Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.