Sale Of Business Asset With Personal Use In New York
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
The form titled Asset Purchase Agreement is designed for the Sale of Business Asset with Personal Use in New York, facilitating the transfer of business assets from a seller to a buyer. It outlines important details including the assets being purchased, assumed liabilities, and payment terms. Key features include sections on the purchase price allocation, indemnification clauses, and mutual representations and warranties that ensure both parties fulfill their obligations. Users are instructed to modify the agreement to fit their facts and delete any non-applicable provisions. The form includes specifics on closing obligations, security interests, and conditions precedent for both parties. This agreement is particularly useful for attorneys, partners, and business owners as it lays the framework for a clear and legally binding transaction. Paralegals and legal assistants will find it essential for organizing documents and ensuring compliance with state laws, while associates can employ it in negotiations and due diligence processes.
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