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 New York
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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An earn-out works as a mechanism that allows the buyer to defer a portion of the purchase price until the occurrence or failure of a predetermined metric. Part 3 of the life cycle of a deal series examines the logistics of drafting a purchase agreement for an acquisition, its key provisions and objectives.Earnout provisions are contractual clauses within a purchase agreement that secure additional compensation to the seller after close. An earnout is a negotiated payment arrangement over time between a buyer and seller. The seller agrees to receive at least part of the purchase price.