King Washington Hotel Asset Purchase and Sale Agreement

Name: King Washington Hotel Asset Purchase and Sale Agreement
Brand: US Legal Forms
Rating: 4.74 (448 reviews)

Category:

Contracts - Assignments

State:

Multi-State

County:

King

Control #:

US-1340859BG

Format:

Instant download

Description

The sale of a hotel or a motel, in addition to being the sale of real estate, is also the sale of the business and is therefore generally a very complicated transaction.

How to fill out King Washington Hotel Asset Purchase And Sale Agreement?

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FAQ

Generally, the buyer will draft very broad language when describing the transferred assets, such as all assets used in the business, including2026 Therefore, it's up to you, as the seller, to carve out assets that should not be transferred.

Business Asset Purchase Agreement (APA): What You MUST Know! Preamble and Recitals. Identifying the Parties Involved. Purchase Price and Payment Terms. Representations and Warranties of the Buyer and Seller. Conditions to Closing and other Obligations of the Parties. Termination Provisions. Miscellaneous Terms.

The buyer's solicitor will prepare and draft the sale contract, no matter whether it is an Asset Purchase Agreement or an SPA, this is because the contract will provide for a number of warranties (and possibly indemnities) but it will also govern who the purchase will be carried out, the purchase price to be paid,

Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

The following considerations should be included in a Letter of Intent: Value exchanged for the asset purchase. Anticipated timeline for negotiations and deal structuring. Escrow account requirements if any. Exclusivity to the buyer. Scope of key warranties and guarantees. Prohibited buyer and seller activities.

Either the seller or the buyer can prepare a purchase agreement. Like any contract, it can be a standard document that one party uses in the normal course of business or it can be the end result of back-and-forth negotiations.

To obtain a sale and purchase agreement you'll need to contact your lawyer or conveyancer or a licenced real estate professional. You can also purchase printed and digital sale and purchase agreement forms online.

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A standard document for the sale and purchase of an owner-operated hotel. Items 17 - 22 — Section 1.1 Purchase and Sale of Assets. An asset purchase agreement documents the terms of the sale of business assets from a seller to a buyer. (vv) "Local Sale Agreements" has the meaning ascribed to it in Section 2.10(c). Or, is buyer's recourse limited to making an indemnity claim under the purchase agreement (e.g. No purchase necessary to enter or to win. Acquisition and property records • 17–7, page 142. Nonavailability of appropriated fund property • 17–8, page 143. Get your Taco Bell cravings online or on the mobile app today.

King Washington Hotel Asset Purchase and Sale Agreement

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Does buyer or seller draft asset purchase agreement?

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