Asset Sale Agreement
Download the Asset Sale Agreement in Word Format. When you download the Asset Sale Agreement, save and reuse as you need.
ONLINE LEGAL DOCUMENTS
Asset Sale Agreement
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
39 pages long
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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.