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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.
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