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Assets Acquisition Agreement

Seller

An assets acquisition agreement between a Buyer and a Seller. This relates to the transfer of existing / used assets (e.g. equipment but not real property). This agreement is drafted in favour of the Seller.

The Seller wishes to sell and the Buyer to buy certain assets more particularly described in Schedule 1 (the "Assets"), upon the terms and subject to the conditions set out below.

The Buyer represents and warrants to Seller as follows:

(a) it has the full legal right, power and authority to carry out the transactions contemplated in this Agreement, to own its properties and assets and to execute, deliver and perform this Agreement.

(b) has taken all necessary corporate and legal action to authorise the execution and delivery of this Contract and to authorise the performance and observance of the terms and conditions of this Agreement.

(c) it has obtained all consents, approvals and authorisations and has effected all representations, filings and registrations necessary for the valid execution and delivery of this Agreement.

(d) this Agreement constitutes the legal, valid and binding obligation of the Buyer enforceable in accordance with its terms.

(e) it has the financial resources to fulfil all obligations under this Agreement.

How to use this Document?

This shareholders' agreement should be carefully read by the Seller and Buyer.

This shareholders' agreement may be used when three parties enter into a shareholders agreement upon the establishment of a Joint Venture Company. 

All three parties should sign and return a copy, and once signed, all parties should get a copy.

To avoid any future disputes, all parties may wish to have their signatures witnessed.

If any of the parties wish to amend the agreement in the future, all parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by all parties.

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

 
acquisition
asset acquisition
asset
asset transfer
buyer
seller
purchaser
vendor
warranties
transfer
second hand
equipment
facilities
existing
used
plant
sale and purchase
S&P

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