An asset purchase agreement documents the final terms and conditions of a sale of an asset from one party to another.
- Selling assets to a person or business
- Purchasing assets from a person or business.
Are you considering purchasing equity or physical assets from an individual or a business? You may want to formalize your exchange in an asset purchase agreement. An asset purchase agreement creates a legal framework for the sale of an asset from one business or individual to another. This step-by-step guide will help you create an asset purchase agreement that works for just about any exchange of assets.
The asset purchase agreement creates a framework for the exchange of an asset that may involve additional actions to be taken before the exchange becomes official. The asset purchase agreement should include provisions related to the purchase price, installment payments, any liens or encumbrances on the assets, and any conditions that must be met before the asset is transferred. The assets to be purchased through the agreement must be described in detail to avoid mistake or confusion regarding the subject of the agreement. An asset purchase agreement also includes other details that are relevant to the sale of the asset, including the price, date, and parties involved in the purchase.
An asset purchase agreement just as helpful in simple, informal agreements as it is in complex arrangements. Asset purchase agreements formalize the terms of a transfer of personal property to friends and family members just as efficiently as it can formalize the final arrangements for a complex transaction. Use this interactive form to create an asset purchase agreement that will suit your needs.