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 Buy With Purchase In Massachusetts
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State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
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During an asset purchase, the buyer purchases specific assets and assumes specific liabilities of the seller's business. The agreement should include a detailed list of each asset involved in the transaction, including tangible and intangible property.Massachusetts business lawyers explain how asset purchase agreements work and what they should include. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. An asset sale transaction involves the sale of some or all of the assets used in a business from a selling company to a buyer. The sale of assets from the seller to the buyer is a casual and isolated sale within the meaning of MGL c.