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 Business Sale Contract For Deed In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00418
Format:
Word;
Rich Text
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An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price. Identify the parties involved in the transaction. 2.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable. The contract will state the date at which the final transfer of ownership and possession of the business will occur, and when the seller will get the money. I drafted it with very small businesses in mind. It's structured as a bill of sale and assumption agreement to make it easy for do-it-yourselfers to use.