Asset Purchase Agreement: Smart Business Box

What is The Asset Purchase Agreement? An asset purchase agreement should list all the possible items that are part of the business or support the business. This includes physical assets including intangible records like name of a business, goodwill, patents, licences, trademark, trade secrets, inventory, database, business records etc.

Why Use The Asset Purchase Agreement? With an Asset Purchase agreement, a buyer can make a controlled choice over buying a company’s selected assets. These could be tangible or intangible assets. The agreement gives a choice to take forth the company’s liabilities or drop them. The Asset Purchase Agreement Would Involve

• liabilities like accounts payable and loans

• Loan liabilities, account payables and other debt

• Include a disclosure agreement

• Include sale terms

• List any brokers or agents involved