The APA or Asset Purchase Agreement finalizes the terms and conditions regarding the sale or purchase of business assets, between the seller and buyer. It is not necessary for the buyer to buy all of the company’s assets in an APA transaction; in fact, it is quite common for the purchaser to exclude certain assets. It can be pretty easy to forget some of the provisions of an APA, and that’s where a good template can prove useful. See More: Loan Agreement Templates , Letter of Agreement Templates
Asset Purchase Agreement For a Garage Template
Asset Purchase Agreement For a Retail Business Template
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Asset Purchase Agreement Template Free
Asset Purchase Agreement Sample
Sample Asset Purchase Agreement
Purpose of an Asset Purchase Agreement
All matters related to the purchase and sale of the asset or assets in question must be put down in the APA, as you can see from these sample APAs. Naturally, and APA is distinct from a stock purchase agreement or SPA.
- A major objective of an asset purchase or Sale Agreement Template is to define and control behaviour with regards to the transaction.
- The authority of the buyer to purchase the asset must be represented.
- The authority of the seller to sell the asset must be represented.
Provisions of an Asset Purchase Agreement
As these examples will show you, the asset purchase agreement should contain all the following information relating to the transaction.
- An acknowledgment that the purchase price equals the value of the asset.
- Recognition that the seller is in not legal or financial difficulty.
- Information related to purchase price payment, encumbrances or liens currently on the assets, value of monthly installments, and any condition which will be precedent to closing.
These templates, which you can download easily onto your computer, will serve as a guideline on what an asset purchase agreement should contain and how it should be set out. It is important to get all the provisions right to make this legal document airtight.
Simple Asset Purchase Agreement Template
Asset Purchase Agreement Template Word
Model Asset Purchase Agreement
Short Form Asset Purchase Agreement
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