The Asset Business Sale Contract with Personal Use in Riverside is a legal document outlining the sale of a business’s assets between a Seller and a Buyer. This contract includes essential sections detailing the assets being sold, such as equipment, inventory, and goodwill, as well as the purchase price and payment schedule. It specifies the liabilities the Buyer may assume and identifies excluded assets from the sale. Additionally, the contract contains warranties and representations by both parties, ensuring that the terms are fair and transparent. The form provides distinct guidelines for closing activities, including compliance with local laws, and addresses post-closing responsibilities. It is designed to be easily customized to fit specific transactions and can be modified as necessary. This form is vital for attorneys, partners, owners, and paralegals who handle business transactions, allowing them to facilitate asset transfers smoothly while protecting their clients' interests.