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Asset Purchase Agreement

Contract -- Business -- Asset Purchase Agreement

Financed Asset Purchase Agreement for some or all of a business' assets.

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This Asset Purchase Agreement Template is a professionally designed legal document for buying and selling business assets. It provides a clear framework and covers critical topics, including:

  • Purchase and Sale of Assets: Detailed descriptions of assets, including equipment, inventory, business information, and goodwill.
  • Purchase Price and Payment Terms: Allocation of purchase price and promissory note details.
  • Closing Procedures: Obligations of both parties, tax responsibilities, and possession terms.
  • Representations and Warranties: Seller's assurances regarding ownership, taxes, compliance, and employee liabilities.
  • Indemnification: Protections for both parties against pre- and post-closing liabilities.
  • Confidentiality: Restrictions on the Seller’s use of business information after closing.
  • Dispute Resolution: Mediation and binding arbitration clauses for efficient conflict resolution.

This is not legal advice, and is not intended for use by consumers. This template is offered to licensed AllDrafts users as a resource for lawyers who are responsible for adapting this draft to their client's specific needs and circumstances and ensuring compliance with applicable laws.

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