ASSET PURCHASE AND SALE AGREEMENT

 

(Below is a sample outline of the major provisions found in this document. The actual document you generate from QuickForms may vary, depending on your answers to questions presented during the online interview). Back to Description

Identification of Parties.

1.     Definitions.

2.     Purchase and Sale of Acquired Assets.

        (a)  Generally.

        (b)  Due Diligence and Condition to Closing.

        (c)  Interdependent Performance.

3.     Purchase Price.

        (a)  Generally.

        (b)  Receivables, Payables and Pre-Payments.

        (c)  Taxes.

4.     Payment of Purchase Price.

5.     Allocation of Responsibility.

        (a)  Allocation Date.

        (b)  Indemnity.

6.     Warranties.

        (a)  Authority and Binding Effect.

        (b)  Good Title.

        (c)  No Material Changes.

        (d)  Disclaimer.

7.     Limitation of Liability.

8.     Brokers and Agents.

9.     Further Assurances.

10.    Timeliness.

11.    Confidentiality.

12.    Notices.

13.    Termination.

14.    Disputes and Choice of Law.

15.    Independent Contractor Status.

16.    Compliance with Export Regulations.

17.    No Assignment.

18.    Public Announcements.

19.    Restrictive Covenants.

20.    Bulk Sales Law.

21.    Miscellaneous.

Signature Block.

Exhibit A:  Schedule of Assets and Liabilities, Permission to Hire Eligible Personnel.

Exhibit B:  Form of Third Party Consent.

Exhibit C:  Bill of Sale.

Exhibit D:  Purchaser's Certificate.

       

 

 
 

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