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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.
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"Asset Purchase" has the meaning set forth in the Recitals. "Assumed Liabilities" has the meaning set forth in Section 1.3.Preclosing liabilities in the face of express contractual language in the asset purchase agreement to the contrary.
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