Form Overview
The Asset Purchase Agreement provides a framework for the purchase and sale of corporate assets incidental to the acquisition of a business. The target assets are listed by the parties and attached to the Agreement as an exhibit (not included). The purchase price is structured as a payment at closing, supplemented by a promissory note, the form of which is negotiated in advance by the parties and attached to the Agreement by exhibit (not included) for execution at closing. The actual conveyance of the assets occurs at closing by execution of a Bill of Sale, which is attached to the Agreement as an exhibit (not included). The accounts payable and any other liabilities assumed by buyer are set forth in a list attached to the Agreement as an exhibit (not included). Finally, contracts being assigned under the arrangement should be set forth in a separate assignment and attached to the Agreement as an exhibit (included). You can find answers to your questions using our extensive library of
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