This form provides that the purchaser has agreed to buy and acquire from the seller, and the seller transfers and sells to the purchaser all of the seller's right, title, and interest in and to the assets listed on Exhibit A. The seller further agrees to execute and deliver any other documents or instruments as shall reasonably be requested by the purchaser to effectuate the transactions listed in the agreement.
Los Angeles California Model Asset Purchase and Sale Agreement
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-8-01-STP
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
An asset purchase agreement (APA) is an agreement between a buyer and a seller that finalizes terms and conditions related to the purchase and sale of a company's assets. It's important to note in an APA transaction, it is not necessary for the buyer to purchase all of the assets of the company.
Asset purchase agreements. An asset purchase agreement (also known as a 'business purchase agreement' or 'APA') is an agreement setting out the terms and conditions relating to the sale and purchase of assets in a company.
The seller must represent its authority to sell the asset. Additionally, the seller represents that the purchase price of the asset is equal to its value, and that the seller is not in financial or legal trouble.
Clauses That go Into an Agreement to Sell Names of the buyer and seller their age, and residential addresses. Date and place of execution of the agreement. Competence of parties to enter into the agreement. Rights and liabilities. Details and documents of how the seller came to own the property.
The buyer's solicitor will prepare and draft the sale contract, no matter whether it is an Asset Purchase Agreement or an SPA, this is because the contract will provide for a number of warranties (and possibly indemnities) but it will also govern who the purchase will be carried out, the purchase price to be paid,
Most commonly, the buyer's real estate agent will write up and prepare the purchase agreement. Note that agents (not being practicing attorneys themselves) cannot create their own contracts.
A Definitive Purchase Agreement (DPA) is a legal document that records the terms and conditions between two companies that enter into an agreement for a merger. In accounting, it refers to the combination of financial statements., acquisition. Learn how mergers and acquisitions and deals are completed.
Here are parts of an asset purchase agreement that you may want to include in your document. Recitals.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.
