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General agreements

Asset Purchase Agreement

November 23, 2011 by agri in General agreements with 0 Comments
An asset purchase agreement is a type of contract made between two parties; one of whom is the Seller or the Owner of the asset, or the Asset Manager, while the other is the Purchaser. An asset purchase agreement highlights the price, possession of assets, liability attached, taxation, and other important details related to the asset.

You can Download the Free Asset Purchase Agreement customize it according to your needs and Print. Asset Purchase Agreement is either in MS Word, Excel or in PDF.

Sample Asset purchase agreement

Asset Purchase Agreement

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This agreement is made between the Seller and the Purchaser on the effective date of 10th November, 2011.

Seller represented by

Mr. Peter Johnson

Address: 33501 S Dixie Hwy, Florida City, FL 33034

Contact number: (305) 242-4447

Purchaser represented by:

Ms. Stacie Grant

Address: 2100 88Th St, North Bergen, NJ 07047

Contact number: (201) 758-2810

Terms and Conditions:

  1. Subject to the provisions of this Asset Purchase Agreement, Purchaser agrees to purchase, and Seller agrees to sell, all Seller’s title, rights, and interest, if any, in and to the Purchased Assets where the Purchased Assets is “Retailer Business”. The purchase price for the Purchased Assets shall be $112,000 (“Purchase Price”).
  2. Purchaser shall deliver to Seller the purchase price of the assets by certified or bank check for $112,000
  3. At Closing, Purchaser shall assume and agree to pay, perform or discharge as appropriate only the Assumed liabilities and obligations
  4. Seller hereby covenants and agrees with Purchaser that until the Closing, Seller shall make no sale of assets other than those in the ordinary course of Seller’s past practice.
  5. At the Closing, Seller shall deliver the Purchased Assets to Purchaser and shall deliver the following documents to Purchaser: an Assignee’s Bill of Sale, an Assignment, Acceptance and Assumption Agreement, List of Accounts, List of Inventory, Closing statement, and such other documents as may be reasonably requested by Purchaser.

This Asset Purchase Agreement shall be active when the parties “Seller” and “Purchaser” set their seals as on the date 11/10/2011 (MM/DD/YY).

SIGNED FOR AND ON BEHALF OF SELLER BY:

…………………………………………………………….

Name:

SIGNED FOR AND ON BEHALF OF PURCHASER BY:

…………………………………………………………….

Name:


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