Agreement Of Sale Of Business Assets

The seller wishes to sell certain assets of the business to the buyer (the “assets”) as stipulated in the agreement and the buyer wishes to buy the assets. When you buy assets in a business, you are not buying the business yourself, but only one aspect of it. This can mean a product, a client list or some kind of intellectual property. The company retains its name, commitments and tax returns. When a buyer takes over a credit, mortgage or credit balance, he assumes responsibility for the business. Buyers can cover some or all of the debts that the seller has incurred over the life of the business. All warranties for goods that have been shipped must also be included in the contract, including the language in which the duration of the company`s liability for damage to the goods delivered is discussed. All additional provisions related to a sale must be clearly defined in the agreement. A certain closing period should be indicated, as well as the time and place when the parties meet to complete the transaction.

All assets that are part of the transaction but are not part of the sale should be mentioned so that there is no confusion about the agreement. The contract will indicate the names of the seller and buyer, as well as say that they both have the rights and ownership power to participate in the transaction. If there are shareholders on both parties, they should also be mentioned in the contract with a statement that they fully agree with the transaction. The contract should list all the details of the transactions and discuss potential scenarios related to the transfer of assets. All intangible assets should also be mentioned, including the following: The assets of this sale (shown in the calendars, seals) are transmitted through a standard seller`s sales account. The Other Asset Sale Documents sub-file contains additional documents to support the asset sale process. Le vendeur poss├Ęde des actifs de _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ These include office furniture, computer science, literature, inventory, telephone systems, tools and devices. The terms of the sale and the price must be specified in the contract.

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