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 New York
Category:
State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
An asset purchase agreement should describe as specifically as possible the business assets being transferred. Asset purchases involve the specific sale of tangible assets, such as customer lists, inventory, equipment or the business's name.Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. The purchaser must notify the New York State. A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. (a) The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of New York.