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 Franklin
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State:
Multi-State
County:
Franklin
Control #:
US-00419
Format:
Word;
Rich Text
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An asset purchase agreement is a legal contract that outlines the terms of an agreement to transfer assets between parties. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.This Drake Tax article discusses the sale of an asset used for personal and business use.