Kentucky Agreement for Sale of all Assets in Computer Software Business

State:
Multi-State
Control #:
US-13120BG
Format:
Word; 
Rich Text
Instant download

Description

Asset sale means that you are planning to sell all of your business's assets.
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  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business

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FAQ

In an asset sale, a firm sells some or all of its actual assets, either tangible or intangible. The seller retains legal ownership of the company that has sold the assets but has no further recourse to the sold assets. The buyer assumes no liabilities in an asset sale.

An asset purchase requires the sale of individual assets. A share purchase requires the purchase of 100 percent of the shares of a company, effectively transferring all of the company's assets and liabilities to the purchaser.

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.

An asset purchase involves just the assets of a company. In either format, determining what is being acquired is critical. This article focuses on some of the important categories of assets to consider in a business purchase: real estate, personal property, and intellectual property.

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.

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.

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.

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Kentucky Agreement for Sale of all Assets in Computer Software Business