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Agreements - Agreement Forms
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Asset Purchase Agreement - Business Sale

Example Of A Sales Agreement In Utah

Category:

Small Business - Business Sale

State:

Multi-State

Control #:

US-00418

Format:

Instant download

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Description

The Example of a Sales Agreement in Utah serves as a structured contract between a seller and a buyer for the purchase of assets in a business transaction. Key features include clear identification of the assets being purchased, the liabilities assumed by the buyer, and the terms of the purchase price. Users must modify the form to reflect their specific facts and delete any sections that do not apply. Filling instructions emphasize the importance of accurate information regarding assets, payment schedules, and parties involved. This agreement is particularly useful for attorneys who need to draft legally sound contracts, partners and owners who are entering into asset sales, and paralegals and legal assistants who may assist in creating or reviewing such documents. It addresses various contingencies, including representations and warranties from both parties, ensuring both compliance and protection. The agreement also outlines procedures for closing and the obligations of both parties to prevent potential disputes after the sale.

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FAQ

Just like wills, there is generally no requirement that a contract be notarized in order to be legally binding. However, if a party who signed a business agreement decides to dispute that agreement in court, a notarized contract can help a great deal.

For a contract to be valid and enforceable in California, all parties must enter into the agreement voluntarily. If one of the contracting parties can prove that they entered into the contract under duress, coercion, or undue influence, the court may cancel or revoke the contract.

So, the names and addresses of the buyer and seller, as well as the date of the agreement. Description of goods or services sold. Clearly describe what the customer is buying, including quantity, brand, model, specifications, and any other relevant details. Descriptions of warranties or guarantees.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

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