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Asset Purchase Agreement - More Complex

Asset Purchase Buy With Earn-out Provision In Fairfax

Category:

Small Business - Business Sale

State:

Multi-State

County:

Fairfax

Control #:

US-00419

Format:

Instant download

Description

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.

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An earnout provision makes the purchase price (typically, some part of it) payable in the future dependent on the buyer's financial performance. Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement.Section 1.6 of this Agreement provides for additional, contingent earnout payment which, if due, will also be consideration for the Assets. This Agreement of Purchase and Sale (this "Agreement") is made as of this ____ day of. Earnout arrangements have important tax implications for both the buyer and seller. This article focuses on the buyer side of the equation.

Asset Purchase Buy With Earn-out Provision In Fairfax

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