Asset Purchase Agreement
An Asset Purchase Agreement is the acquisition of a company by purchasing its assets directly from the corporation itself rather than purchasing shares from its shareholders.
ASSET PURCHASE AGREEMENT
Article 1. Definitions
Article 2. Sale and Purchase
Article 3. Contracts
Article 4. Excluded Receivables, Liabilities and Contracts
Article 5. Damage to Assets before Completion
Article 6. Transfer of Properties
Article 7. Receivables and Creditors
Article 8. Transfer of Employees
Article 9. Purchase Price and settlement of the Working Capital
Article 10. Effective Date Accounts
Article 11. Conditions precedent
Article 12. Completion
Article 13. Covenants pending Completion
Article 14. Covenants
Article 15. Warranties
Article 16. Warranty Limits
Article 17. Protective Covenants
Article 18. Announcement and Confidentiality
Article 19. Obligations of the Shareholder
Article 20. Assignments
Article 21. Payments
Article 22. Value Added Tax
Article 23. Entire Agreement
Article 24. Amendments
Article 25. Severability
Article 26. Force Majeure
Article 27. No Implied Waiver
Article 28. Notices
Article 29. Interpretation
Article 30. Costs
Article 31. Copies
Article 32. Survival
Article 33. Governing law
Article 34. Dispute Resolution