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 Purchase Agreement With Earn Out Provision In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00418
Format:
Word;
Rich Text
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This drafting guide for an acquisition agreement details earn-out provisions and instances when these components should be negotiated. Transactions contemplated hereby; provided, however, that in the case of clause (i), Material.An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. Buyer shall make the third Earn-Out Payment to Seller on the first business day of the fortieth month after the Closing Date.