Asset By Purchase In Ohio
Category:
State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
Description
The Asset Purchase Agreement is a legal document used in Ohio when one party (the Buyer) acquires assets from another party (the Seller). This form outlines the specifics of what assets are included in the sale, such as equipment, inventory, and goodwill, while explicitly excluding certain assets like accounts receivable and cash. It provides clear instructions for the payment structure and outlines the responsibilities each party has both before and after the sale. Additionally, it includes representation and warranties, ensuring that both parties are aware of and agree to the terms of the sale. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the documentation process for asset transactions. Proper filling and editing are important to reflect the specific details of the transaction and to ensure compliance with Ohio laws. The detailed sections provide clarity on liabilities, purchase price allocation, security agreements, and closing procedures, making it a comprehensive tool for both buyers and sellers in asset transactions.
Free preview
