Simple Asset Purchase Agreement Template

The seller is the current owner of [Product Description]. The Company (hereinafter „the Buyer“) wishes to buy from the Seller and the Seller wishes to sell such Products to the Buyer only on the terms set forth in this Agreement and on no other terms, unless this is agreed by both the Buyer and the Seller. 6. Closing/Risk of Loss. Transactions under this Agreement will be entered into at the offices of Lee, Black, Hart & Rouse, P.C., 6555 Abercorn Street, Suite 206, Savannah, Chatham County, Georgia, or at another location where buyers and sellers agree on the closing date. On the balance date, the seller shall transfer, transfer and assign to the buyer the assets described in paragraph 1 by means of a guarantee instrument, contract of sale, assignment or other appropriate instruments, in terms of form and content satisfactory to the buyer and its lawyer. Seller shall also execute, on the day and after the closing date and at the request of Buyer, all other documents necessary to make effective the sale and transfer of Seller`s assets provided for therein, in order to transfer title to Buyer and otherwise respond to them. The buyer takes possession of the assets at the time of conclusion and is entitled to use the leased premises indicated in the lease agreement and to use the assets in a catering business from the balance date. The risk of loss passes from the seller to the buyer at closing. (x) Seller thus exempts Buyer from any claim, claim, prejudice, or demand for Seller`s failure to notify creditors of the transaction under the Georgia Bulk Sales Act, if any. (q) As of the Closing Date, no action or proceeding against Seller is pending or threatened in any court or governmental authority if an adverse judgment, decree or order would prevent the execution of this Agreement or any transaction or event provided for in this Agreement, or would result in the reversal of such transactions that would require Seller: to divest itself of its assets or immovable property which, according to the buyer`s lawyer, the proposed transactions rendered the proposed transactions reckless.

The Seller is exempt from any delay in the provision and performance of other contractual obligations arising from this order, due to acts or omissions that are not subject to adequate control and without the fault or negligence of the Seller, including, but not limited to, State embargoes, freezes, seizures or freezing of assets, delays or refusal to grant an export license nz or suspension or revocation, or any other act of a government, fires, floods, bad weather or other cases of force majeure, quarantine, strikes or lockouts, riots, disputes, uprisings, civil disobedience, war, lack of equipment or delay in deliveries to the seller by third parties. If the circumstances of delay that can be recused extend by six months, either party may, after its election, terminate this order without penalty or liability and without delay or breach thereof. PandaTipp: Start filling in the tokens that are in this template. Tokens are formatted as [example] and allow you to add important information to your global offering in seconds…