Posted by Jonathan Lea on Apr 2nd, 2013 | Last modified on May 25th, 2022
Last updated on May 25th, 2022 at 10:46 am
Rather than acquire all of the shares of a company (and therefore both its assets and liabilities) very often a buyer will prefer to only take over certain assets of a business. In these situations, as well as if you’re buying a business from an unincorporated organisation or acquiring a business from an administrator, the main agreement used to negotiate and document the deal is an asset purchase agreement (sometimes also referred to as a business transfer agreement or sale and purchase agreement). The following download is a simple version of an asset purchase agreement:
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DISCLAIMER: This agreement may not be suitable for your circumstances and we recommend you seek legal advice before using it. Jonathan Lea Limited does not take any responsibility for any events that arise as a result of your use of this document.
Jonathan is a specialist business law solicitor who has been practising for over 18 years, starting at the top international City firms before then spending some time at a couple of smaller practices. In 2013 he started working on a self-employed basis as a consultant solicitor, while in 2019 The Jonathan Lea Network became a SRA regulated law firm itself after Jonathan got tired of spending all day referring clients and work to other law firms.
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