Asset Purchase Agreement


An asset purchase agreement is an official document created between the two organizations or firms to sell & purchase the certain assets. Such an agreement is based on the types of assets, term & conditions and payment clauses, etc.

Sample Asset Purchase Agreement:

Agreement No: 7979/ APA

Date: January 30th, 2011

This asset purchase agreement is made & registered between:

Details of the Asset Owner:

Name: Eagles Companies Pvt. Ltd

Contact number: 6879 256 5869

Hereinafter known as the asset seller

AND

Details of the Client Firm:

Name: Hidalgo Industries Pvt. Ltd

Contact number: 6970 384 5868

Hereinafter known as the asset buyer

Whereas, together known as both the parties

The asset seller is willing to sell its mentioned assets to the asset buyer and both the parties are agreed to the given covenants & clauses.

This agreement is validating from January 31st, 2011.

Term & Conditions:

  • The asset seller is selling the following mentioned to the asset buyer:

Furniture

Inventory including stocks, supplies & available materials

Three vehicles

  • The asset buyer has paid $ 98070 in advance for buying the assets, whereas an amount of $ 3848 will be paid on January 31st, 2011.
  • If any kind of unsettled monetary dispute is encountered before the payment, this agreement will be treated as cancelled.

Acceptance of the asset purchase agreement:

Signature of the Asset Seller:                                    Signature of the Asset Buyer:

Tina Williams                                                            Mac Hudson

Category: Purchase Agreements

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