The Purchase Agreement with the Seller in Hillsborough is a comprehensive legal document designed for transactions involving the sale of business assets from a seller to a buyer. This agreement outlines important components such as the assets being purchased, liabilities assumed by the buyer, and the purchase price structure. Key features include detailed sections on the assets being sold, terms of payment, and representations and warranties from both the seller and buyer. Users are required to modify sections according to their specific facts and can exclude non-applicable provisions as needed. The agreement is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a standard framework for asset acquisition, promotes legal compliance, and mitigates potential risks. It also offers clear instructions for completion and specifies the conditions for closing, ensuring all parties are aware of their obligations. This form can be used in various scenarios including small business acquisitions and corporate mergers, effectively safeguarding the legal interests of both parties involved.