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 Massachusetts
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State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
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During an asset purchase, the buyer purchases specific assets and assumes specific liabilities of the seller's business. All capital purchases must, under OSD regulations, be labeled and included in the provider's written inventory system.The agreement should include a detailed list of each asset involved in the transaction, including tangible and intangible property. An asset sale transaction involves the sale of some or all of the assets used in a business from a selling company to a buyer. You state that the sale of assets will take place in a single transaction. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.