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 From Related Party In Ohio
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto. So when tangible personal property is part of an asset sale, the parties have to determine whether an exemption covers the asset sale.Modify, delete, or add additional disclosures as necessary.