Asset purchase agreement checklist

Other Names: Asset Sale and Purchase Agreement Business Asset Purchase Agreement Asset Acquisition Agreement Assets Purchase Agreement

What is an Asset Purchase Agreement?

An Asset Purchase Agreement allows for you to get the terms in writing when buying something owned by another business. Asset Purchase Agreements also help when you're the seller, as you'll want to have a record of the transaction along with the terms of the transaction. This simple Asset Purchase Agreement template is a contract for the sale and purchase of assets of a company. Those could include tangible assets, such as real estate, furniture or supplies, or intangible assets, such as a customer database or accounts payable, a business name, or other intellectual property. Use an Asset Purchase Agreement to detail terms like purchase price, conditions, and escrow terms. You can also include an inventory of the assets in this agreement. In an Asset Purchase Agreement, both buyer and seller agree to the specific terms. Make yours now with Rocket Lawyer!

When to use an Asset Purchase Agreement:

• You are ready to purchase the assets of a business and you want to define the terms and conditions upon which the purchase will occur.
• You are selling the assets of your business and want to define the terms of that sale.

Sample Asset Purchase Agreement

The terms in your document will update based on the information you provide

This document has been customized over 74.4K times