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 For In Virginia
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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Upon Closing, Buyer will be responsible for acquiring and maintaining appropriate insurance for the protection of the Acquired. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations.Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Each sale has different pros and cons.