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 Format In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Transaction Structure In an asset sale, the seller retains the existing legal entity and sells both the tangible and intangible assets of the business. The buyer obtains these assets through a newly established entity. In a minority of transactions, small businesses undergo a stock or equity sale.
The biggest difference is that an SPA is the sale of all shares, and an APA is the sale of selected assets. Therefore, they are both different transactions and have different procedures.