Introduction
This asset sale agreement template is designed for transactions where a business or company sells specific business assets to a purchaser.
The agreement provides for the transfer of goodwill, plant and equipment, stock, business contracts, licences and other assets used in the operation of a business.
It also includes provisions dealing with employee transfers, completion arrangements, warranties and post-completion obligations commonly used in asset sale transactions.
This precedent includes a practical asset sale transaction checklist to assist lawyers and advisers when structuring and completing asset sale transactions.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Document Covers
• Sale of business assets and goodwill
• Transfer of plant, equipment and stock
• Assignment of contracts and licences
• Employee transfer provisions
Key Clauses Included
• Asset transfer provisions
• Vendor warranties and indemnities
• Completion procedures
• Post-completion obligations
Typical Use
• Sale of business assets
• Asset purchase transactions
• Business acquisitions structured as asset sales
• Commercial business transfers
Download Details
• Lawyer-drafted asset sale agreement precedent
• Includes practical asset sale transaction checklist
• Fully editable Microsoft Word documents
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Frequently Asked Questions
What is an asset sale agreement
An asset sale agreement is a contract used when a business sells specific assets to a purchaser rather than transferring ownership of the entire company. The agreement sets out the assets being sold, the purchase price and the obligations of the parties on completion.
What assets are typically included in an asset sale?
Asset sale transactions commonly include goodwill, plant and equipment, stock, business contracts, licences and other operational assets used in the business.
How does an asset sale differ from a share sale?
In an asset sale, the purchaser acquires selected assets of the business rather than purchasing shares in the company that owns the business. This allows the purchaser to exclude certain liabilities or assets from the transaction.
Why is a checklist useful in asset sale transactions?
Asset sale transactions often involve due diligence, licences, leases, employee issues and contractual consents. A checklist helps practitioners manage the transaction process and ensure that key steps are completed before settlement.
Also Known As
Asset sale agreements may also be referred to as:
• Asset Purchase Agreement
• Business Asset Sale Agreement
• Asset Transfer Agreement
• Business Asset Acquisition Agreement
These agreements document the terms on which business assets are transferred from a vendor to a purchaser.
What’s Included
This package includes the following documents:
• Asset Sale Agreement precedent
• Asset Sale Transaction Checklist
These documents provide both the legal agreement and practical transaction guidance for asset sale matters.
Asset Sale Agreement – Instant Download
• Lawyer-drafted asset sale agreement precedent
• Includes asset sale transaction checklist
• Suitable for commercial asset sale transactions
• Fully editable Microsoft Word documents
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.