Asset Purchase Agreement (AUS)

The agreement form generated from this app has the name of the company functioning as the seller, the name of the company functioning as the buyer, a description of the business in which the seller is engaged in, and a description of the assets that the buyer is purchasing from the seller business. The parties of the transaction enter into an agreement by filling out and executing this agreement. The assets included for sales can include physical assets, intellectual property, goodwill, real property, or other assets. These are included on Exhibit/Schedule A of this form. The seller of the assets makes warranties, representations, and covenants including using its best efforts to maintain its current relationships with suppliers, customers and others having business relations with Seller in connection with the Purchased Assets. The agreement states that until the closing takes place, the seller shall conduct its business and all transactions with respect to the Purchased Assets in the ordinary course of business. The seller maintains no liabilities or obligations concerning the assets after the agreement is executed. The agreement states a purchase price, does not include any non-compete agreement provisions, and serves simply as an asset sale agreement, and could be one of several contracts associated with the transaction.