The Asset Purchase Agreement long form in Riverside is a comprehensive legal document utilized by parties engaged in the acquisition of a business's assets. It outlines the transaction's essential components, including the assets being sold, liabilities assumed by the buyer, and the purchase price. Key features include sections dedicated to the representation and warranties of both the seller and buyer, conditions precedent for closing, and requirements for indemnification. Filling out the form requires careful attention to detail, including listing specific assets and obligations, specifying payment terms, and ensuring mutual agreements are documented. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in business transactions, as it sets clear terms and safeguards interests. This form can also aid in preventing disputes by ensuring all parties have a mutual understanding of the transaction. Users are advised to customize the form to reflect specific business facts and delete any non-applicable provisions.