This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Purchase In Business In Collin
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State:
Multi-State
County:
Collin
Control #:
US-00419
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Word;
Rich Text
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An asset purchase agreement is a legal document that outlines the terms and conditions of buying or selling assets in a business transaction. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price.A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. In a stock purchase transaction, the buyer ("Buyer") purchases all or a substantial portion. The District can acquire capital assets through a purchase, trade-in, capital lease agreement, or a contribution. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. An asset purchase agreement (APA) is the contract that governs the sale of your business to the buyer. 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. If you are selling the assets of your business, as opposed to the stock, you'll need to allocate the purchase price among the assets for tax reasons. When a business sells its assets, the primary agreement governing the transaction is an Asset Purchase Agreement (the "APA").