Asset Purchase Agreement With Earn Out Provision In Travis

Category:

Small Business - Business Sale

State:

Multi-State

County:

Travis

Control #:

US-00418

Format:

Instant download

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Description

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.

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An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. A seller also needs to separate its right to an earnout from the severance provisions of its employment agreement with the buyer.Earnout provisions are contractual clauses within a purchase agreement that secure additional compensation to the seller after close. Remedies Provisions. Earnout provisions are often incorporated in the body of the acquisition agreement, but can be included in a separate earnout agreement.

Asset Purchase Agreement With Earn Out Provision In Travis

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