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 Earn Out Provision In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00418
Format:
Word;
Rich Text
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An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. A seller also needs to separate its right to an earnout from the severance provisions of its employment agreement with the buyer.Earnout provisions are contractual clauses within a purchase agreement that secure additional compensation to the seller after close. Remedies Provisions. Earnout provisions are often incorporated in the body of the acquisition agreement, but can be included in a separate earnout agreement.