Arizona Agreement for Purchase of Business Assets from a Corporation

State:
Multi-State
Control #:
US-0082BG
Format:
Word; 
Rich Text
Instant download

Description

A sale of a business is considered for tax purposes to be a sale of the various assets involved. Therefore it is important that the contract allocate parts of the total payment among the items being sold. For example, the sale may require the transfer of the place of business, including the real property on which the building(s) of the business are located. The sale might involve the assignment of a lease, the transfer of good will, equipment, furniture, fixtures, merchandise, and inventory. The sale may also include the transfer of the business name, patents, trademarks, copyrights, licenses, permits, insurance policies, notes, accounts receivables, contracts, and cash on hand and on deposit, and other tangible or intangible properties. It is best to include a broad transfer provision to insure that the entire business is being transferred to the Purchaser, with an itemization of at least the more important assets to be transferred.
Free preview
  • Preview Agreement for Purchase of Business Assets from a Corporation
  • Preview Agreement for Purchase of Business Assets from a Corporation
  • Preview Agreement for Purchase of Business Assets from a Corporation
  • Preview Agreement for Purchase of Business Assets from a Corporation
  • Preview Agreement for Purchase of Business Assets from a Corporation

How to fill out Agreement For Purchase Of Business Assets From A Corporation?

Have you encountered a scenario where you require documents for potential organizational or personal purposes almost every day.

There are numerous legal document templates available online, but locating reliable ones can be challenging.

US Legal Forms provides thousands of document templates, such as the Arizona Agreement for Purchase of Business Assets from a Corporation, designed to comply with state and federal regulations.

When you locate the appropriate document, click on Get now.

Choose a convenient file format and download your copy. You can access all the document templates you have purchased in the My documents menu.

  1. If you are already familiar with the US Legal Forms website and possess an account, simply Log In.
  2. After that, you can download the Arizona Agreement for Purchase of Business Assets from a Corporation template.
  3. If you do not have an account and wish to start using US Legal Forms, follow these steps.
  4. Find the document you need and ensure it is for the right city/region.
  5. Use the Review button to check the form.
  6. Read the description to confirm that you have selected the correct document.
  7. If the document is not what you are looking for, utilize the Lookup field to find the document that matches your needs and requirements.

Form popularity

FAQ

The bill of sale is typically delivered as an ancillary document in an asset purchase to transfer title to tangible personal property. It does not cover intangible property (such as intellectual property rights or contract rights) or real property.

The asset purchase agreement is often drafted up towards the end of the negotiation stage, so that the parties can have a final record of their agreement. The document essentially operates as a contract, creating legally binding duties on each of the parties involved.

How to Write a Business Purchase Agreement?Step 1 Parties and Business Information. A business purchase agreement should detail the names of the buyer and seller at the start of the agreement.Step 2 Business Assets.Step 3 Business Liabilities.Step 4 Purchase Price.Step 6 Signatures.

An asset purchase involves the purchase of the selling company's assets -- including facilities, vehicles, equipment, and stock or inventory. A stock purchase involves the purchase of the selling company's stock only.

In an asset purchase, the buyer will only buy certain assets of the seller's company. The seller will continue to own the assets that were not included in the purchase agreement with the buyer. The transfer of ownership of certain assets may need to be confirmed with filings, such as titles to transfer real estate.

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.

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...

An asset purchase agreement is an agreement between a buyer and a seller to purchase property, like business assets or real property, either on their own or as part of a merger-acquisition.

Trusted and secure by over 3 million people of the world’s leading companies

Arizona Agreement for Purchase of Business Assets from a Corporation