The seller has agreed to sell and the buyer has agreed to purchase the purchased assets as defined below. Asset purchase agreement.
Such an agreement may cover the purchase and sale of a business division intellectual property land or buildings.
Sample asset purchase agreement. This asset purchase agreement template sets out the terms and conditions upon which seller shall effect the sale of assets to buyer. Those could include tangible assets such as real estate furniture or supplies or intangible assets such as a customer database or accounts payable a business name or other intellectual property. This asset purchase agreement this agreement is made as of october 1 2012 by and among emmis publishing lp an indiana limited partnership the seller and country sampler llc an indiana limited liability company the cs buyer and big sandy realty llc an indiana limited liability company the bsr buyer individually each a buyer and collectively the buyers.
Although assets are considered as groups of properties it is not required for the purchaser to buy every single asset of the company. At the end of the day these sample templates are going to make it easy for you to save time and money especially when you do not have the whole day to spend writing a purchase agreement yourself. When referencing the agreement for the purposes of buying a business the legal form is an asset purchase agreement or a business purchase agreement template.
12 agreement to purchase. Defined terms used but not otherwise defined herein shall have the. If you value the art of content that is already been done for you you will find these sample templates useful for sure.
This asset purchase agreement the agreement is entered into as of the date below written the execution date by and between seller hospital seller and buyer hospital buyer. Asset purchase agreement. Another title for this important legal document includes the agreement to purchase real estate.
At the closing purchaser shall purchase the assets from seller upon and subject to the terms and conditions of this agreement and in reliance on the representations warranties and covenants of seller and shareholder in exchange for the purchase price hereinafter defined in section 121. The owner owns 100 of the outstanding equity of the seller and has agreed to join in this agreement for the purpose of making certain representations and agreements. An asset purchase agreement form or an apa is a contract for the purchaser and the owner of the assets.
This purchase agreement template is a contract for the sale and purchase of assets of a company. An asset purchase agreement documents the terms of the sale of business assets from a seller to a buyer. Documenting the transaction is very vital to know which assets are still under the companys care.
Therefore the parties agree as follows. This asset purchase agreement template sets out the terms and conditions upon which seller shall effect the sale of assets to buyer.
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