A liquidating asset management agreement is entered into by a company that is liquidating its assets. The agreement is entered into between the liquidating company and the asset management company. When a company goes into liquidations there are lots of activities involved which are time consuming. These days the asset management companies offer great help by managing and completing the necessary tasks that are involved in the liquidation of assets. The asset management company assists in offering the entire formalities needed for liquidating the assets of the company.
The asset management companies handles the liquidation of all the assets of the company which include movable assets such as land, building etc and immovable property such as computer systems, furniture and fixtures etc.
The liquidating asset management agreement holds all the details of the deal between the asset management company and the liquidating company such as the assets and their net worth, complete set of legal documents pertaining to the assets, date of purchase etc.
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