ASSET SALE & PURCHASE AGREEMENTS
An asset sale or purchase agreement is a document outlining the terms and conditions between parties buying and selling specific company assets.
It covers some of the following;
Price: Purchase and sale price of the assets, any required price adjustments, any required tax adjustments and resolution mechanisms should there be a conflict for the parties to adhere to.
Employees: An outline of terms that relates to employees and how the transaction should be conducted, with any bonuses/benefits in mind.
Guarantee: The seller and purchaser provide confirmation that all statements in the agreement are accurate and agreed to. In particular the agreement covers liabilities and representations of the parties.
Indemnity: Terms relating to indemnifying the buyer or seller for costs that may come to light following the transaction.
A PROFESSIONAL AND EXPERIENCED CORPORATE SOLICITOR
It is important when undertaking to purchase or sell assets that you have a professional and experienced corporate Solicitor drafting the agreement, to ensure that all the relevant items are covered and both parties are secure, achieving their commercial objectives.
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