The content of an asset purchase agreement includes the description of the assets, the purchase price, the precondition for closing the transaction, the conclusion, the obligations of the parties after the conclusion and the agreements of the parties to the agreement. The agreement also contains timetables for a detailed description of the parties` assets and agreements. The asset purchase agreement is different from a share purchase and sale contract, because in the event of a share sale, the acquirer or investor acquires the shares of the company that owns the assets, while the acquirer acquires the company`s assets in an asset sale. (f) The seller is a company duly organized and valid under the laws of the State of Georgia. The execution and delivery of the agreement by the ordering officers who execute and deliver it has been duly approved by the Seller`s Board of Directors and are not contrary to a provision of the Seller`s founding articles, by law or by a contract or other contract to which the seller is involved or which is or is mandatory for the seller. 10. Conditions. The requirement for the purchaser to complete the transaction under this contract is conditional, at the buyer`s choice, on the following conditions which, if not met, allow the purchaser to terminate its obligations under this contract. 2. The buyer assures and guarantees that he has verified the assets and accepts these assets in their current condition, with all errors.
The seller hereshes and guarantees that he owns the assets subject to the liabilities covered, but expressly refuses any guarantee of the condition or adequacy of those assets. Vi. Deeds, sales invoices, assignments and other transfer instruments delivered to the purchaser under this agreement were duly executed and delivered and good marketable property was transferred to the purchaser to the seller`s assets to be sold under that agreement. If your asset sales contract is more complex, it is important that you have a lawyer to help you design the following clauses: PandaTip: To begin with, fill out the tokens that are in this model. Tokens are formatted as a [example] and allow you to add important information throughout the proposal in seconds. 1. Buy and sell. The seller agrees to sell to the buyer and the buyer agrees to acquire from the seller all the seller`s tangible and intangible assets used in the seller`s catering and restoration activities (the “assets”), as described below: an asset sale contract is an agreement between the existing owner of an asset (usually referred to as a “seller” or “seller”) and a third party who wants to buy or buy the asset (usually referred to as a “buyer”).