An asset purchase agreement is used to sell the assets of a company as opposed to the ownership interests. Many parties contemplating purchasing a business are sometimes hesitant in doing so to avoid taking on liabilities both and unknown. As a result of this concern, many companies opt to use an asset purchase agreement. By using this agreement, only the assets are purchase leaving any issues the company may have like tax, lawsuits, and outstanding bills remain with the company. Now, assets are not limited to tangible things like equipment and machinery. Assets can also, and normally do, include rights to licenses; exclusive use of the business name, etc. As a result, an asset purchase agreement can provide certainty to a purchasing transaction.

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ADDITIONAL SERVICES

A business owner or share holder who is looking to sell all or portion of their business’ assets would benefit from an asset purchase agreement. Also, if the current company has legal issues or other problems, it may be better to leave those liabilities with the company and simply purchase the assets.

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ADDITIONAL SERVICES

Approximately 2-3 business days*

*Depending on Specifications

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ADDITIONAL SERVICES

An asset purchase agreement is a delicate agreement that must include various clause to protect buyers and sellers alike such as non-competes and confidentiality terms. Our Firm is understands the intricate nature of this agreement and is dedicated to providing our Clients with an Asset Purchase Agreement inclusive of all of their needs. We will ensure that your interests are protected when drafting your Asset Purchase Agreement such as by including the complete asset list contemplated for the agreement and limiting the liability exposure as necessary.

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ADDITIONAL SERVICES