North Carolina Agreement for Sale of all Assets in Computer Software Business

State:
Multi-State
Control #:
US-13120BG
Format:
Word; 
Rich Text
Instant download

Description

Asset sale means that you are planning to sell all of your business's assets.
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  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business
  • Preview Agreement for Sale of all Assets in Computer Software Business

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FAQ

An asset purchase involves the purchase of the selling company's assets -- including facilities, vehicles, equipment, and stock or inventory. A stock purchase involves the purchase of the selling company's stock only.

How to Write a Business Purchase Agreement?Step 1 Parties and Business Information. A business purchase agreement should detail the names of the buyer and seller at the start of the agreement.Step 2 Business Assets.Step 3 Business Liabilities.Step 4 Purchase Price.Step 6 Signatures.

An asset purchase agreement is an agreement between a buyer and a seller to purchase property, like business assets or real property, either on their own or as part of a merger-acquisition.

An asset purchase involves just the assets of a company. In either format, determining what is being acquired is critical. This article focuses on some of the important categories of assets to consider in a business purchase: real estate, personal property, and intellectual property.

Parts of an Asset Purchase AgreementRecitals. The opening paragraph of an asset purchase agreement includes the buyer and seller's name and address as well as the date of signing.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.More items...

Provisions of an APA may include payment of purchase price, monthly installments, liens and encumbrances on the assets, condition precedent for the closing, etc. An APA differs from a stock purchase agreement (SPA) under which company shares, title to assets, and title to liabilities are also sold.

In an asset sale, a firm sells some or all of its actual assets, either tangible or intangible. The seller retains legal ownership of the company that has sold the assets but has no further recourse to the sold assets. The buyer assumes no liabilities in an asset sale.

In an asset purchase, the buyer will only buy certain assets of the seller's company. The seller will continue to own the assets that were not included in the purchase agreement with the buyer. The transfer of ownership of certain assets may need to be confirmed with filings, such as titles to transfer real estate.

The bill of sale is typically delivered as an ancillary document in an asset purchase to transfer title to tangible personal property. It does not cover intangible property (such as intellectual property rights or contract rights) or real property.

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North Carolina Agreement for Sale of all Assets in Computer Software Business