The Asset Purchase Agreement in the UK in Riverside is a formal document that outlines the purchase of assets from a seller by a buyer. Key features include detailed descriptions of the assets being sold, the purchase price, and the responsibilities of both parties regarding liabilities and payments. The form includes specific clauses regarding the exclusion of certain assets, warranties from both the seller and buyer, and conditions that must be met prior to closing. Filling and editing instructions call for users to modify the agreement to fit their unique circumstances by adding or removing provisions as needed. The form is useful for various professionals, such as attorneys who need to draft and negotiate agreements, partners and owners who engage in asset purchase transactions, associates who assist in documentation, paralegals who may prepare and manage legal paperwork, and legal assistants who support the administrative side of the transaction. This agreement aims to ensure a clear understanding of the transaction terms, protect the interests of both parties, and facilitate a smooth transfer of assets.