Asset Sale And Purchase Agreement Template
The above prices do not include the amounts required to cover taxes, including, but not limited, on federal taxes, taxes on state consumption, sales or use taxes or import duties during the manufacture, sale, distribution or supply of goods or the provision of services under this agreement. All taxes payable and due are paid by the buyer. As a result, the seller reserves the right to change its price between the parties after the execution of this order to include any taxes or taxes that may be due, and the seller may charge this additional amount to the buyer. This clause also applies to the acceptance and full implementation of this decision by the parties. Business sale agreements, sometimes called asset sale agreements, are applied when a company`s activities (assets and businesses) are sold and not the shares of the company. A share sale contract should be applied when a business is sold. The seller is excused for delays in the delivery and performance of other contractual obligations arising from this order, which are due to acts or omissions that are not subject to proper control and without fault or negligence of the seller; including, but not limited to embargoes, blockades, seizures or freezes on state assets, delays or refusals to issue an export licence, suspend or withdraw or any other act of government, fires, floods, bad weather or other acts of God, quarantines, labor strikes or lockouts, riots, riots, riots, disorder, civil disobedience, shortages of equipment or delays in delivery to the seller by third parties. If the excusable delay circumstances are extended by six months, each party, at its choice, may terminate the order without penalty, liability and without delay or violation of that order. The Other Asset Sale Documents sub-file contains additional documents to support the asset sale process. PandaTip: To begin with, fill in the tokens that are in this model.
Tokens are formatted as a [example] and allow you to add important information throughout the proposal in seconds. ASSET PURCHASE AGREEMENT SIMPLE This asset purchase agreement (the contract) is effective WHEREAS [SECOND PARTY NAME] (THE Purchaser) has made an offer to purchase [SPECIFY] for completion from [DATE] (the offer to purchase); CONSIDERANT that the buyer wishes to acquire and sell certain assets, as described in Schedule A, in accordance with the following terms and agreements. The Asset Sales Contracts sub-file contains a selection of models covering certain circumstances, including asset sales with or without transfer of debtors and creditors, with or without transfer of ownership and with or without collateral. A comparison matrix helps you determine which business-business sale agreement is best suited to your goal. PandaTip: Use [Product Description] to indicate which resource is being sold. You can describe the asset and its condition later in the agreement. This document is usually executed in the case of mergers and acquisitions when a company acquires either the assets and/or shares of the company, or when the buyer wishes to acquire the assets of a business in order to expand its own business. The content of an asset purchase agreement includes the description of the assets, the purchase price, the precondition for closing the transaction, the conclusion, the obligations of the parties after the conclusion and the agreements of the parties to the agreement.