This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Business Sale Contract For Deed In California
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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Use a California business purchase agreement to record the sale of a business. Download your free template today.What provisions should be in the purchase agreement? If it's an asset sale, list the specific assets and liabilities included in the sale. This can include equipment, inventory, contracts, trademarks, and debts. The contract will state the date at which the final transfer of ownership and possession of the business will occur, and when the seller will get the money. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Many Buyers will require that a sale be structured as an Asset Purchase in order to avoid responsibility for prior liabilities or expenses of the business.