Asset Purchase Agreement

• Category: Contracts - Misc.
• State: Multi-State
• Control #: US-C-M-1030-02
• Format: Word; Rich Text

Description

An asset purchase contract is a contract used to purchase assets from another party. The assets can be tangible, such as equipment or inventory, or intangible, such as intellectual property. An asset purchase contract typically includes provisions for the transfer of ownership of the assets, warranties, and indemnifications. It is important to understand the key elements of an asset purchase contract when deciding whether to enter into one.