PandaTip: Use [Product Description] to indicate which resource is being sold. You can describe the asset and its condition later in the agreement. This document is usually executed in the case of mergers and acquisitions when a company acquires either the assets and/or shares of the company, or when the buyer wishes to acquire the assets of a business in order to expand its own business. ASSET PURCHASE AGREEMENT SIMPLE This asset purchase agreement (the contract) is effective WHEREAS [SECOND PARTY NAME] (THE Purchaser) has made an offer to purchase [SPECIFY] for completion from [DATE] (the offer to purchase); CONSIDERANT that the buyer wishes to acquire and sell certain assets, as described in Schedule A, in accordance with the following terms and agreements. The Asset Sales Contracts sub-file contains a selection of models covering certain circumstances, including asset sales with or without transfer of debtors and creditors, with or without transfer of ownership and with or without collateral. A comparison matrix helps you determine which business-business sale agreement is best suited to your goal. The seller is the current owner of [Product Description]. The company (hereafter “the buyer”) wishes to purchase from the seller and the seller wishes to sell these products to the buyer only on the terms and conditions of this agreement, unless this has been agreed by both the buyer and the seller. The content of an asset purchase agreement includes the description of the assets, the purchase price, the precondition for closing the transaction, the conclusion, the obligations of the parties after the conclusion and the agreements of the parties to the agreement. The agreement also contains timetables for a detailed description of the parties` assets and agreements. PandaTip: To begin with, fill in the tokens that are in this model.
Tokens are formatted as a [example] and allow you to add important information throughout the proposal in seconds. Business sale agreements, sometimes called asset sale agreements, are applied when a company`s activities (assets and businesses) are sold and not the shares of the company. A share sale contract should be applied when a business is sold. The Other Asset Sale Documents sub-file contains additional documents to support the asset sale process. The seller is excused for delays in the delivery and performance of other contractual obligations arising from this order, which are due to acts or omissions that are not subject to proper control and without fault or negligence of the seller; including, but not limited to embargoes, blockades, seizures or freezes on state assets, delays or refusals to issue an export licence, suspend or withdraw or any other act of government, fires, floods, bad weather or other acts of God, quarantines, labor strikes or lockouts, riots, riots, riots, disorder, civil disobedience, shortages of equipment or delays in delivery to the seller by third parties.