Asset Sale Agreement
Suitable: NSW QLD VIC SA NT WA TAS
Asset Sale Agreement
An asset sale agreement lists all assets included in the sale including fixtures, furnishings, equipment, machinery, inventories, accounts receivable, and other items; the asset sale agreement also includes assets to be excluded from the sale, such as cash and cash accounts, real estate, automobiles, etc.
Asset Sale Agreement for sale of business from one entity to another. Suitable for a company / trust / partnership or sole trader selling a business to another company / trust / partnership or sole trader.
This Asset Sale Agreement covers the following:-
- Defined terms & interpretation
- Sale and purchase
- Purchase Price
- Obligations before Completion
- Apportionable Outgoings and final payment of Purchase Price
- Customer Orders
- Title and risk
- Trading and other responsibilities
- Assumed Contracts
- Book Debts
- Motor vehicles
- After Completion
- Notices and other communications
Business Sale Agreements with Annexures to the Contract are divided up into Schedules. Unwanted schedules can be deleted depending on the circumstances.
- Schedule 1 – Apportionment of Purchase Price
- Schedule 2 – Plant and Equipment
- Schedule 3 – Warranties
- Schedule 4 – Business Contracts
- Schedule 5 – Property Lease
- Schedule 6 – Employees
- Schedule 7 – Statutory Licences
- Schedule 8 – Employee offer letters
- Schedule 9 – Client List
This Asset Sale Agreement is 39 pages long.
We have also included a free Checklist.
Sale of Business Contracts
Business owners can get into trouble buying or selling a business if the Contract leaves out important aspects of the sale. Leaving important items out of a contract, including tangible and intangible assets and liabilities, can cause problems months after the sale completes. When you draft a contract for the sale of a business, make sure both parties know exactly what they are getting at the time of signing, as well as in the future.
There is more than one way to sell your business. We have more than one kind of contract. Whether its an asset sale or a sale or shares in company we have all the types of contracts you are likely to need. Buy more than one agreement and get 40% off. Choose from any Sale of Business Template on our Business Agreements page: use discount code DISCOUNT40
Or buy the lot at a substantial discount! Just contact us.
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