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 Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. The milestones which, if reached, trigger payment of an earnout need to be clearly set out in the purchase agreement.The earnout provision requires the buyer to pay an additional amount in purchase price after the closing of the sale, if after the closing the company achieves. An earnout provision can be utilized if an entrepreneur seeking to sell a business is asking for a price more than a buyer is willing to pay.