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.
Sale Of Business Assets Agreement With Buyer In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
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An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets. Drafting a purchase agreement for buying or selling a business in Texas is a critical step to ensure a smooth transaction.An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. This article discusses the elements of buying or selling a small business in Texas, whether the business is focused on real estate or otherwise.