What is an Asset Purchase Agreement for Retail Store ?
Use Asset Purchase Agreement for Retail Store Template in case that a retail store is sold.
A retail contract is another name for an asset purchase agreement. The transactions take into account both actual and intangible assets, which are documented in the agreement. Except for depreciable and high-maintenance properties, the seller is not obligated to purchase all of the assets.
Actual assets may include stock, payments due, machinery and signage. While intangible assets may include good will, brand names and trademarks.
Why use an Asset Purchase Agreement for Retail Store ?
The buyer can only gain tangible and intangible benefits from the sales agreement documents, not legal matters or responsibilities. The sales agreement, as a legal instrument, binds both parties to the stated course of action. This is different from a stock purchase agreement where the buyer also inherits the liabilities.
Format: Microsoft Word (.doc) (.docx)
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