This form provides that the purchaser has agreed to buy and acquire from the seller, and the seller transfers and sells to the purchaser all of the seller's right, title, and interest in and to the assets listed on Exhibit A. The seller further agrees to execute and deliver any other documents or instruments as shall reasonably be requested by the purchaser to effectuate the transactions listed in the agreement.
Florida Model Asset Purchase and Sale Agreement
Category:
State:
Multi-State
Control #:
US-8-01-STP
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Model Asset Purchase And Sale Agreement?
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Financial statements (to verify the accuracy of any representations or warranties made in the asset purchase agreement) Balance sheet. Income statements. Profit and loss statements. Accounts receivable. Tax returns or other documentation showing tax clearance with the IRS.
An asset acquisition is the purchase of a company by buying its assets instead of its stock. In most jurisdictions, an asset acquisition typically also involves an assumption of certain liabilities.
If you are considering buying or selling a business, you may need an asset purchase agreement. An asset purchase agreement (APA) is a contract that specifies the terms and conditions for the sale and purchase of a business or certain business assets.
No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
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 could include equipment, fixtures, furniture, licenses, trade secrets, trade names, accounts payable and receivable, and more.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Definitions of the words and terms to be used in the legal instrument. Terms and conditions of the sale and purchase of the assets, including purchase price and terms of the purchase (full payment at close, down payment, subsequent payments, etc.) Terms and conditions of the closing of the agreement, if any.