This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Mississippi Asset Purchase Agreement - Business Sale
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Asset Purchase Agreement - Business Sale?
If you need to be thorough, acquire, or create authentic document templates, utilize US Legal Forms, the largest assortment of authentic forms, available online.
Employ the site’s straightforward and convenient search feature to locate the documents you need.
A selection of templates for corporate and personal purposes is organized by categories, states, or keywords.
Every legal document template you purchase is yours indefinitely. You have access to every form you bought within your account. Navigate to the My documents section and select a form to print or download again.
Stay competitive and acquire, and print the Mississippi Asset Purchase Agreement - Business Sale with US Legal Forms. There are numerous professional and state-specific forms available for your business or personal requirements.
- Use US Legal Forms to locate the Mississippi Asset Purchase Agreement - Business Sale in just a few clicks.
- If you are already a US Legal Forms user, sign in to your account and hit the Download button to retrieve the Mississippi Asset Purchase Agreement - Business Sale.
- You can also access forms you previously acquired through the My documents section of your account.
- If you are utilizing US Legal Forms for the first time, refer to the following instructions.
- Step 1. Ensure you have selected the template for the correct city/state.
- Step 2. Use the Preview option to review the form's contents. Remember to check the description.
- Step 3. If you are dissatisfied with the form, use the Search box at the top of the screen to find other versions of the legal form template.
- Step 4. Once you have located the form you need, click on the Get now button. Choose your preferred pricing plan and enter your credentials to register for the account.
- Step 5. Complete the transaction. You can utilize your credit card or PayPal account to finalize the transaction.
- Step 6. Select the format of your legal form and download it to your device.
- Step 7. Fill out, edit, and print or sign the Mississippi Asset Purchase Agreement - Business Sale.
Form popularity
FAQ
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.
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.
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.
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.
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.
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.
The key difference is that a purchase order is sent by buyers to vendors with the intention to track and control the purchasing process. On the other hand, an invoice is an official payment request sent by vendors to buyers once their order is fulfilled.
Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.