Asset Sale Agreement
This is a do-it-yourself document generator that will create a tailored Asset Sale Agreement for the sale and purchase of specific moveable, tangible assets meticulously drafted to meet the highest of standards.
How does it work?
Our intuitive tool will guide you through the process step-by-step from start to finish. It’s quick, easy and simple to understand – just how legal documents ought to be.
The expert interview wizard will help you answer a few questions and prepare your document in the background. You’ll have your custom Asset Sale Agreement in 10 minutes or less.
When you’re done, print or download both Word and PDF versions for you to review, customise or sign.
What is an Asset Sale Agreement?
This document provides for the transfer of business assets to another party. Our streamlined online form and helpful guidance empower you to effortlessly add sophisticated terms like warranty qualifications and limitations.
This document is also perfect for asset sales by administrators and liquidators. Warranties can be fully disclaimed, and special provisions protecting the administrators or liquidators will be automatically inserted as applicable.
When should I use it?
The Asset Sale Agreement should be used if you’re looking to transfer business assets to another party. It can be used under various circumstances including when the business is facing insolvency or is in administration.
What topics does the Asset Sale Agreement cover?
- Purchase price and applicable currency
- Details of the assets to be sold
- Details of the vendor/s and purchaser/s
- Option to include warranties
- Option to include a default interest clause
- Responsibility for costs
- Governing law
- Boilerplate language
What are the main decisions I need to make in creating an Asset Sale Agreement?
- What assets do you want to transfer, and what will be the price you want to set for the transfer?
- When and where should completion take place?
- Should warranties from the vendor and/or warranties from the purchaser be included in the agreement?
What other names does the Asset Sale Agreement go by?
Asset Sale Agreement (Insolvency)
Frequently Asked Questions
The parties involved are the vendor/s and purchaser/s.
Generally you would need this document when you are looking to carry out the transfer of specific assets of the business.
This document could particularly be useful if the business is in administration or is insolvent as the sale of assets would assist in paying off creditors.
- Details of the purchaser/s
- Details of the vendor/s
- Prices of the assets
- Time and date of completion
- Governing law of the agreement
There are several signing options available. How you sign largely depends on where the parties are located and if they will attend signing together. You can print on paper and sign, or use electronic signature tools such as Docusign or Hellosign.
If you need any assistance please contact us directly, we would be happy to assist.
If you have any questions or are uncertain about any aspect of the document please do not sign it or use it, Please contact us directly and we would be happy to assist.
Absolutely! Get in touch with us and we can provide a fixed-fee price to review it.
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