Sale of Equipment

A long agreement for sale of redundant assets / equipment. A long agreement for sale of redundant equipment with provisions relating to: price, collection, compliance and safety, personnel, equipment, title and risk, confidentiality, intellectual property, insurance, warranties, liability and indemnity.

Redundant assets are those assets that are not specifically required by a company to generate earnings and cash flow from operations. They are “redundant” to the operations of the business. Typically, the valuation of companies for sale are conducted excluding any redundant assets and their related income and expenses.

Sale of Equipment/Assets

AGREEMENT INCLUDES:-
Definitions and Interpretation
Sale and Purchase
Price
Collection
Obligations
Compliance & Safety
Acknowledgements
Personnel
Equipment
Title and Risk
Confidentiality
Intellectual Property Rights
Insurance
Warranties
Indemnity and Liability
Taxes
Notices
Assignment
Set Off
Publicity
Severability
Precedence
Entire Agreement
Waiver
Further Assurances
Variations
Advice
Counterparts
Cumulative Rights
Costs
Governing Law

Author: Eric Kalde Solicitor

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A long agreement for sale of redundant assets / equipment. A long agreement for sale of redundant equipment with provisions relating to: price, collection, compliance and safety, personnel, equipment, title and risk, confidentiality, intellectual property, insurance, warranties, liability and indemnity.

This is general information only and legal information nor part of Precedents Online or its Authors

What are redundant assets?

Redundant assets are assets that generate income. … Redundant assets are also known as non-operating assets. When a company is being evaluated, redundant assets are excluded from the valuationFinancial Modeling and Valuation in order to arrive at a fair market price that represents the true value of the business.