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1. Parties: Identification of the seller and purchaser, including full legal names and addresses
2. Background: Context of the transaction, nature of the seller's business, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including Asset definitions, Closing Date, Purchase Price, etc.
4. Purchase and Sale of Assets: Description of the transaction and assets being transferred
5. Purchase Price and Payment Terms: Details of consideration, payment method, and timing
6. Non-Competition Covenants: Specific non-compete obligations including duration, geographic scope, and prohibited activities
7. Representations and Warranties: Seller's and purchaser's representations regarding the assets, business, and authority to enter agreement
8. Closing Conditions: Conditions that must be met before the transaction closes
9. Closing Procedures: Steps to be taken at closing, including document delivery and payment
10. Indemnification: Terms for compensating parties for breaches or losses
11. Survival: Which provisions survive after closing
12. General Provisions: Standard clauses including governing law, notices, amendments, etc.
1. Non-Solicitation Provisions: Additional restrictions on soliciting employees or customers, included when broader protection is needed
2. Transition Services: Terms for post-closing assistance from seller, included when operational continuity is crucial
3. Employee Matters: Provisions regarding transfer or hiring of employees, included when employees are key to the assets
4. Intellectual Property Rights: Specific provisions for IP transfer and protection, included when IP is a significant asset
5. Environmental Matters: Environmental representations and indemnities, included for assets with environmental exposure
6. Tax Matters: Detailed tax provisions, included for complex tax implications
7. Third Party Consents: Process for obtaining required third-party approvals, included when assets require consent to transfer
1. Schedule A - Purchased Assets: Detailed list and description of all assets being purchased
2. Schedule B - Excluded Assets: List of assets specifically excluded from the purchase
3. Schedule C - Assumed Liabilities: Description of any liabilities being assumed by the purchaser
4. Schedule D - Purchase Price Allocation: Breakdown of purchase price across asset categories
5. Schedule E - Non-Compete Terms: Detailed terms of non-compete including territory and restricted activities
6. Schedule F - Required Consents: List of third-party consents needed for asset transfer
7. Schedule G - Intellectual Property: Detailed list of IP assets being transferred
8. Schedule H - Material Contracts: List of key contracts included in the purchase
9. Appendix 1 - Form of Bill of Sale: Template for the formal transfer document
10. Appendix 2 - Form of Assignment and Assumption Agreement: Template for transfer of contracts and obligations
Manufacturing
Technology
Professional Services
Retail
Healthcare
Construction
Distribution
Software Development
Consulting
Food and Beverage
Industrial Services
Real Estate
Engineering
Biotechnology
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Business Development
Compliance
Due Diligence
Commercial Operations
Risk Management
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Business Owner
Managing Director
Corporate Lawyer
Business Development Manager
Mergers & Acquisitions Director
Commercial Director
General Counsel
Corporate Secretary
Finance Director
Business Broker
Investment Banker
Due Diligence Officer
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