This is an Asset Transfer and Assignment Agreement between a Vendor and a Purchaser for the transfer of certain assets and business operations.
SPARK Asset Purchase Agmt
SKU: 25-002
$100.00Price
- The Vendor agrees to sell and the Purchaser agrees to buy the specified assets of the Business, including real property, movable property, intellectual property, inventory, contracts, and licenses.
- Excluded Assets include cash, securities, employee benefit plans, and certain intellectual property.
- The Purchaser does not assume any liabilities of the Vendor prior to the Closing Date.
- The Consideration is $NNNN, subject to adjustments based on revaluation of assets.
- The Vendor represents and warrants various aspects of the business, including corporate existence, condition of assets, title to properties, compliance with laws, and permits and licenses.
- The Vendor is subject to a non-compete restraint for 3 years within a defined area.
- The agreement includes transitional arrangements for the transfer of control.
