Asset Purchase Agreement (Specified Assets) | Practical Law
A short-form agreement for the purchase and sale of certain tangible or intangible assets (other than real property, accounts receivable or equity interests in other entities) of a private US corporation, drafted in favor of the buyer. This form is not for use with the sale of all or substantially all the assets of a business. This Standard Document assumes, among other things, a single corporate buyer and a single corporate seller. It also assumes that the signing and closing of the transaction are simultaneous. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.