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 Purchase Agreement With Escrow In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00418
Format:
Word;
Rich Text
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The most important document in an asset deal is the Asset Purchase Agreement (the "APA"). In this article, I will discuss the key provisions of an APA.An APA is a legallybinding contract between a buyer and seller that finalizes the terms and conditions of an acquisition. There may also be an escrow holdback from the closing proceeds to protect the purchaser if indemnification claims arise. How will the purchase price be paid? • If escrow held for more than one year, then a portion of escrow will be treated as interest under the original issue.