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Asset Purchase Contract
"I need an Asset Purchase Contract for acquiring manufacturing equipment and related IP from a small tech company in California, with a planned closing date of March 15, 2025, and specific provisions for employee transition and ongoing maintenance support."
1. Parties: Identifies and defines all parties to the agreement, including legal names and addresses
2. Background/Recitals: Sets forth the context and purpose of the transaction
3. Definitions: Defines key terms used throughout the agreement
4. Purchase and Sale: Details the assets being purchased and excluded assets
5. Purchase Price: Specifies the purchase price and payment terms
6. Closing: Details the closing date, location, and deliverables
7. Representations and Warranties: Statements of fact and assurances from both parties
8. Covenants: Ongoing obligations of the parties
9. Indemnification: Protection against losses and liability
10. Governing Law: Specifies which jurisdiction's laws govern the agreement
1. Parties: Identifies and defines all parties to the agreement, including legal names and addresses
2. Background/Recitals: Sets forth the context and purpose of the transaction
3. Definitions: Defines key terms used throughout the agreement
4. Purchase and Sale: Details the assets being purchased and excluded assets
5. Purchase Price: Specifies the purchase price and payment terms
6. Closing: Details the closing date, location, and deliverables
7. Representations and Warranties: Statements of fact and assurances from both parties
8. Covenants: Ongoing obligations of the parties
9. Indemnification: Protection against losses and liability
10. Governing Law: Specifies which jurisdiction's laws govern the agreement
1. Schedule of Purchased Assets: Detailed list of all assets being transferred
2. Schedule of Excluded Assets: List of assets specifically excluded from the transaction
3. Schedule of Assumed Liabilities: List of liabilities being assumed by buyer
4. Schedule of Excluded Liabilities: List of liabilities specifically excluded from assumption
5. Schedule of Intellectual Property: Inventory of IP assets being transferred
6. Schedule of Material Contracts: List of important contracts included in the transaction
7. Schedule of Required Consents: List of third-party approvals needed
8. Schedule of Employees: List of employees and their key terms of employment
9. Form of Bill of Sale: Template document for transferring title to personal property
10. Form of Assignment and Assumption Agreement: Template for transferring contracts and obligations
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