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 For In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00419
Format:
Word;
Rich Text
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The purpose of this policy is to summarize the capital asset policies and procedures for Cuyahoga County ("the County"). A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto.In an asset purchase, the buyer agrees to purchase specific assets and liabilities. This means that they only take on the risks of those specific assets. This Agreement is for the purchase of assets only, and. Section 5.18 Purchase Orders.