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 Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
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FAQ
What should be included in a buy-sell agreement? Any stakeholders, including partners or owners, and their current stake in the business' equity. Events that would trigger a buyout, such as death, disability, divorce, retirement, or bankruptcy. A recent business valuation.
How do you write a contract for sale? Title the document appropriately. List all parties involved in the agreement. Detail the product or service, including all rights, warranties, and limitations. Specify the duration of the contract and any important deadlines.
The biggest difference is that an SPA is the sale of all shares, and an APA is the sale of selected assets. Therefore, they are both different transactions and have different procedures.
More info
Call - Danziger Shapiro, P.C. is dedicated to serving our clients with a range of legal services including Business and Corporate cases. 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, or asset sale agreement, should contain details about the business, buyer, seller, and assets acquired through the transaction. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. The opening paragraph of an asset purchase agreement includes the buyer and seller's name and address as well as the date of signing. Assumption and assignment agreements – detailing the terms of the sale and how to distribute assets, liabilities, and lease terms between the parties.