Sale Of Business Assets Agreement With Goodwill Format In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
The Sale of Business Assets Agreement with Goodwill format in Riverside is a legal document utilized to facilitate the transfer of business assets between a seller and a buyer, including goodwill as a valuable intangible asset. This agreement outlines the specifics of the assets being sold, any liabilities being assumed by the buyer, and the purchase price allocation for these assets. Key features include detailed sections covering asset descriptions, excluded assets, payment structures, and additional agreements such as non-competition and consulting agreements. Users must modify the agreement to fit their specific circumstances by deleting any non-applicable provisions. It is essential for buyers to understand their obligations regarding taxes and to note that representation and warranties made by both parties survive the closing. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured format for negotiating terms and ensuring compliance with legal standards. The agreement also includes provisions for conditions precedent, indemnification, and rights subsequent to closing, making it a comprehensive resource for anyone entering a business sale transaction.
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