There’s no legal requirement that a purchase agreement has to contain an expiration date, but most of them do. Some contracts also include a renewal clause, to provide a little breathing room in case contingencies take longer to resolve than expected. However, sometimes a purchase agreement doe...
Sample of our agreement of purchase and sale of business assets template: AGREEMENT OF PURCHASE AND SALE OF BUSINESS ASSETS This Agreement of Purchase and Sale (the "Agreement") is made in two original copies, effective [DATE] BETWEEN: [YOUR COMPANY NAME] (the "Vendor"), a company organiz...
The first step in accounting for an acquisition is to determine what you’ve acquired or purchased. Have you acquired a “business” or have you purchased an asset or group of assets? Why does this matter, you may ask – because accounting for a business combination is differen...
Agreement for Sale and Purchase of Business and Assets7.2 Vendor's Obligations 7.3 HNL Vendor's Obligations 7.4 Deemed Delivery 7.5 Possession and Risk 7.6 Purchaser's Obligations 7.7 Escrow Agent to hold HNZ Retention Amount7.8 Escrow Agent to hold HNL Reten...
(the "ASSET PURCHASE AGREEMENT"), pursuant to which the Parties have agreed to certain conditions and restrictions relating to a transaction in which the Buyer will purchase all of the assets (and assume certain of the liabilities) of the Commerce Product Business unit of the Seller in return ...
(the Business); WHEREAS, Buyer desires to purchase and acquire from Seller such assets utilized in the Business; and WHEREAS, subject to the terms and conditions contained in this Agreement, Seller hereby shall sell and transfer and Buyer hereby shall purchase and acquire certain of the assets ...
Seller has full corporate and other power and authority to conduct the Business as and to the extent now conducted by it, and to transfer (pursuant to this Agreement) the Purchased Assets. 2.2. Authority. Seller has full corporate power and authority to execute and deliver this Agreement and ...
What Is a Purchase & Sales Agreement?. Purchase and sales agreements are contracts used primarily for complex sales transactions like those involving real estate and business assets. These agreements differ from bills of sale in that conditions must firs
and the Company is duly qualified or licensed to do business as a foreign corporation in good standing in the jurisdictions listed in Section 3.01 of the Company Disclosure Schedule, which are all the jurisdictions in which direct or indirect ownership of the Sale Assets or conduct of the Contai...
An Asset Purchase Agreement is a contract for the purchase of some of a business’ specific assets, in which the terms of the sale are set out. Asset Purchase Agreements are used to sell a business to another company when the new company intends to continue operating the business. ...