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 From Related Party In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00418
Format:
Word;
Rich Text
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GASB 62, paragraphs 54 through 57, provides guidance on the disclosure requirements of transactions that occur between related parties. The general rule is that a buyer of assets is not responsible for a seller's liabilities simply due to the ownership of the assets.THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of. The Auditor shall examine the inventory and make an accounting for all property purchased or previously inventoried and not appearing on the.