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 With Personal Use In California
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
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Need help selling or buying a business? Romano Law's team provides buyer due diligence, contract negotiation, seller preparation, closing assistance, more.Use a California business purchase agreement to record the sale of a business. Download your free template today. The buyer will want to see copies of all leases, contracts, and loan agreements in addition to copious financial records and statements. 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 sale is not one of three or more sales of tangible personal property (other than hay) for substantial amounts in any period of 12 months. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.