The Business Sale Asset with Section 179 in Wake form is designed to facilitate the sale of business assets, while providing tax benefits under Section 179. This agreement outlines the seller's assets, purchase price allocation, and responsibilities for liabilities. Key features include detailed sections on assets purchased, excluded assets, payment terms, and mutual representations, ensuring clarity in the transaction. Attorneys, partners, and business owners will find the explicit language around warranties and obligations particularly valuable, as it helps ensure compliance and protect interests. Paralegals and legal assistants can utilize this form to support the documentation process, ensuring all necessary components are addressed. This agreement serves diverse scenarios, including mergers, acquisitions, or sales, making it applicable for various types of business transactions. Complete the form by entering specific details regarding the parties involved and asset descriptions, and modify sections as necessary to reflect the unique circumstances of the sale.