Asset Exchange Agreement

• Category: Contracts - Misc.
• State: Multi-State
• Control #: US-C-M-1030-03
• Format: Word; Rich Text

Description

An asset exchange agreement is a contract that facilitates the exchange of non-monetary assets from one party to another and governs the parties' relationship. This type of agreement can be used for the acquisition of property, equipment, plants, or any non-tangible asset. It can also be used when an agreement includes a combination of monetary and non-monetary assets. The asset exchange agreement is intended to protect both parties' interests by clearly stating the terms and conditions of the exchange. It provides vital rules, regulations, and guidance for when things go wrong.