This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Purchase Buy For Business In California
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State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
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The two most common ways to transfer ownership of a business are a stock sale and an asset purchase. A comprehensive asset purchase agreement is critical to a smooth transaction.Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Many Buyers will require that a sale be structured as an Asset Purchase in order to avoid responsibility for prior liabilities or expenses of the business. What is an Asset Purchase When Buying a Business? If you want to buy a business, it is best that you consult a qualified business law attorney. An experienced attorney can walk you through the entire process. Obtain copies of any and all agreements relating to stock options, voting trusts, warrants, calls, puts, subscription agreements and or convertible securities.