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Transfer Agreement means the agreement providing for transfer of structured settlement payment rights from a payee to a transferee.
While buyer's counsel typically prepares the first draft of an asset purchase agreement, there may be circumstances (such as an auction) when seller's counsel prepares the first draft.
Asset transfer is a process to allow a community organisation to take over publicly owned land or buildings, usually at a discounted price, in recognition of the public benefits that the community use will bring. This transfer can be facilitated in different ways: - the transfer of Title for outright ownership.
Parts of an Asset Purchase AgreementRecitals. The opening paragraph of an asset purchase agreement includes the buyer and seller's name and address as well as the date of signing.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.More items...
Provisions of an APA may include payment of purchase price, monthly installments, liens and encumbrances on the assets, condition precedent for the closing, etc. An APA differs from a stock purchase agreement (SPA) under which company shares, title to assets, and title to liabilities are also sold.