What is an Asset Purchase Agreement?

By | February 22, 2008

This agreement will assist and guide you in drafting an asset purchase agreement to be used in the sale of a business.

In certain circumstances, the sale of a business may take place through the sale of that business’s assets to a purchaser, rather than a sale of stock or other transfer. This agreement addresses the basic terms and conditions necessary to carry out such a transaction. 

This agreement includes provisions for:  

  • Assets to be purchased
  • Excluded Assets
  • Condition of Assets
  • Liabilities
  • Purchase Price
  • Seller’s Representation and Warranties
  • Closing of sale
  • Required Seller Disclosure List