Chandler Arizona Agreement for Purchase of Business Assets from a Corporation

State:
Multi-State
City:
Chandler
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.
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  • Preview Agreement for Purchase of Business Assets from a Corporation

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FAQ

APA stands for Asset Purchase Agreement. This legal document outlines the terms under which a buyer acquires specific assets of a business, rather than the business itself or its stock. When engaging in a Chandler Arizona Agreement for Purchase of Business Assets from a Corporation, it is crucial to define clearly what assets are included in the sale, such as equipment, inventory, and customer lists. Understanding the details of an APA helps ensure that both parties are aligned on the transaction, minimizing potential disputes.

The contract of sale of assets refers to a legal document that outlines the terms and conditions under which a buyer acquires business assets from a seller, such as a corporation. In the context of Chandler Arizona, the Agreement for Purchase of Business Assets from a Corporation provides a clear framework for the transaction, ensuring both parties understand their rights and responsibilities. This contract typically includes details on payment terms, asset descriptions, and any liabilities that may be associated with the assets. Utilizing platforms like USLegalForms can streamline the process, offering templates and guidance to help you draft a compliant and effective agreement.

1. : a maker or seller of tallow or wax candles and usually soap. 2. : a retail dealer in provisions and supplies or equipment of a specified kind. a yacht chandler.

/???ps t?ændl?r/ (also chandler) ?a person or shop that sells equipment for ships and boats.

A person who sells supplies for boats or ships: The ship's chandler always needs extra help when a boat comes in. He became a yacht chandler in Shaldon, at the mouth of the River Teign.

Origin of chandler1. 1275?1325; Middle English chandeler candlestick, maker or seller of candles < Anglo-French, Old French chandelier, literally, someone or something connected with candles, equivalent to chandelle candle + -ier -ier 2.

Chandler (occupation), originally head of the medieval household office responsible for candles, now a person who makes or sells candles. Ship chandler, a dealer in supplies or equipment for ships.

Chandler (noun as in dealer) Strongest matches. banker merchant retailer trader trafficker vendor wholesaler.

Welcome to Chandler, AZ ? a dynamic city known for its tech innovation, cultural districts, and diverse architecture. With a thriving arts scene and commitment to innovation, Chandler is recognized globally.

Chandler in Occupations topic From Longman Dictionary of Contemporary Englishchand?ler /?t???ndl? $ ?t?ændl?r/ noun [countable] someone who made or sold candles in the past ? ship's chandlerExamples from the Corpuschandler? In 1788 the Tandragee Circuit was formed in the house of James Lemon, a chandler.

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Chandler Arizona Agreement for Purchase of Business Assets from a Corporation