THIS ACQUISITION AGREEMENT is entered into on 24 November 2024
Between
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "Seller")
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Buyer")
Whereas
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.
Now it is agreed as follows:
1. Definitions
1.1 Words and expressions used in this Agreement shall have the meanings set out below, unless the context requires otherwise.
Assets shall mean all of the tangible assets, rights and interests set out in Schedule 1.
Execution Date shall mean the date this Agreement is signed by the Parties.
Completion Date shall mean the date of the Transfer of Assets - COMPLETION.
1.2 The Schedules comprise schedules to this Agreement and form part of this Agreement.
2. Transfer of Assets
2.1 The Seller agrees to sell and the Buyer agrees to purchase all rights and title to the Assets. The detailed description of the Assets is contained in Schedule 1 to this Agreement.
2.2 The Parties agree that the Assets have a total value of CURRENCY AMOUNT. The purchase price payable by the Buyer to the Seller pursuant to this clause 2. shall be paid in cash on Transfer.
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