Offer to Purchase Assets of a Business - Short Form

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This Offer to Purchase Assets of a Business (Short Form) effectively sets out the terms of a business sale. This offer can easily be tailored to fit your unique needs.

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This Offer to Purchase Assets of a Business - Short Form is between a seller and a buyer who agrees to purchase business assets and property. This offer sets out the purchase price, date of closing and how business will be conducted after the sale. This offer also contains a schedule which sets out in specific detail the assets which the buyer is purchasing. It is imperative that this offer be memorialized in writing. A written Offer to Purchase Assets of a Business will prove invaluable in the event there are disagreements or misunderstandings surrounding the business purchase.

This Offer to Purchase Assets of a Business (Short Form) contains the following:
  • Parties: Names of both the buyer and seller of the business;
  • Closing Date: Sets forth the date, time and location of the closing;
  • Business Operation: How the business will operate after the purchase;
  • Signatures: This offer must be signed by both parties in the presence of witnesses.

Protect yourself and your business by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Offer to Purchase Assets of Business (Short Form)
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Offer to Purchase Assets of
Business (Short Form)

 

 
 
     , of      , (the “Buyer”) hereby offers to purchase from      , of       (the “Seller”), all of the undertaking, property and assets of the Seller used in its       (the “Business”) as a going concern, of every kind and description and wherever situated, including but not limited to the assets described in Schedule “A” hereto (the “Assets”), upon and subject to the following terms and conditions:
 
1.   Purchase Price. The purchase price (the “Purchase Price”) payable by the Buyer to the Seller for the Assets shall be      , which shall be paid and satisfied at Closing by certified check or bank draft.
 
2.   Closing Date. Time shall be of the essence of this Offer. The closing of this transaction shall take place at 2:00 p.m. on       or such earlier or later date as may be mutually acceptable to the parties hereto (the “Closing Date” or “Closing”).
 
3.   Normal Course of Business. After acceptance of this Offer, the Seller shall cause the Business to be carried on in the normal course of business.
 
4.   Bulk Sales Compliance. The Seller shall comply with applicable bulk sales legislation.
 
5.   Schedules. Schedules and other documents attached or referred to in this Offer are an integral part of this Offer.
 
6.   Entire Agreement. This Offer constitutes the entire agreement among the parties and except as herein stated and in the instruments and documents to be executed and delivered pursuant hereto, contains all of the representations and warranties of the respective parties. There are no oral representations or warranties amount the parties of any kind. This Offer may not be amended or modified in any respect except by written instrument signed by both parties.
 
7.   Governing Law. This Offer shall be governed by and construed in accordance with the laws of the State of      .
 
8.   Successors and Assigns. This Offer shall enure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.
 
9.   Irrevocable Period. This Offer shall be irrevocable by the Buyer until 5:00 on      , after which time, if not accepted, this Offer shall be null and void.
 
 
IN WITNESS WHEREOF this Offer has been executed by the Buyer this _____ day of ____________________, _____.
 
 
 
 
 
 
Witness
 
Name of Buyer
 
 
I hereby accept the above Offer.
 
 
DATED _____________________, _____
 
 
 
 
 
 
Witness
 
Name of Seller
 
 
Schedule “A
List of Assets
 
     
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28842
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Offer to Purchase Assets of
Business (Short Form)

 

 
 
     , of      , (the “Buyer”) hereby offers to purchase from      , of       (the “Seller”), all of the undertaking, property and assets of the Seller used in its       (the “Business”) as a going concern, of every kind and description and wherever situated, including but not limited to the assets described in Schedule “A” hereto (the “Assets”), upon and subject to the following terms and conditions:
 
1.   Purchase Price. The purchase price (the “Purchase Price”) payable by the Buyer to the Seller for the Assets shall be      , which shall be paid and satisfied at Closing by certified check or bank draft.
 
2.   Closing Date. Time shall be of the essence of this Offer. The closing of this transaction shall take place at 2:00 p.m. on       or such earlier or later date as may be mutually acceptable to the parties hereto (the “Closing Date” or “Closing”).
 
3.   Normal Course of Business. After acceptance of this Offer, the Seller shall cause the Business to be carried on in the normal course of business.
 
4.   Bulk Sales Compliance. The Seller shall comply with applicable bulk sales legislation.
 
5.   Schedules. Schedules and other documents attached or referred to in this Offer are an integral part of this Offer.
 
6.   Entire Agreement. This Offer constitutes the entire agreement among the parties and except as herein stated and in the instruments and documents to be executed and delivered pursuant hereto, contains all of the representations and warranties of the respective parties. There are no oral representations or warranties amount the parties of any kind. This Offer may not be amended or modified in any respect except by written instrument signed by both parties.
 
7.   Governing Law. This Offer shall be governed by and construed in accordance with the laws of the State of      .
 
8.   Successors and Assigns. This Offer shall enure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.
 
9.   Irrevocable Period. This Offer shall be irrevocable by the Buyer until 5:00 on      , after which time, if not accepted, this Offer shall be null and void.
 
 
IN WITNESS WHEREOF this Offer has been executed by the Buyer this _____ day of ____________________, _____.
 
 
 
 
 
 
Witness
 
Name of Buyer
 
 
I hereby accept the above Offer.
 
 
DATED _____________________, _____
 
 
 
 
 
 
Witness
 
Name of Seller
 
 
Schedule “A
List of Assets
 
     

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