Asset Purchase In Business In Virginia

Category:

Small Business - Business Sale

State:

Multi-State

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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Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. This Comprehensive Asset Purchase Agreement (the "Agreement") is made and entered into on the ___ day of. The buyer will want to see copies of all leases, contracts, and loan agreements in addition to copious financial records and statements. During the due diligence phase the buyer should secure financing, obtain licenses and insurance and set up an entity to own the assets or acquire the stock.

Asset Purchase In Business In Virginia

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