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 With Purchase In Pennsylvania
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State:
Multi-State
Control #:
US-00419
Format:
Word;
Rich Text
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If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. 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. In an asset purchase, only the assets of the business are purchased, not the liabilities. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Before finalizing the purchase, it is advisable to form a new legal entity to acquire the business (Asset Purchase).