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- Product Labeling Law: ANSI, UL, CPSC - Some Thoughts for Product Importers and Distributors
- Buying a Car Wash In NY or NJ: Some Thoughts for Purchasers
- Buying a Gas Station or Car Wash you Need Landlord Consent - No Matter What the Lease Says
- $22 Million New York City Entrepreneur Fund Created for Starting Businesses in New York City
- Small Business Commercial Lease Agreements in New York: Limiting your Personal Guaranty may Not be Enough
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- "Must Use" Online Resources When Buying a Business or Franchise...
Posted on 1/13/2011
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Business Transactions
- CPSC Reporting Requirements: Knowing When to Report a Product Defect
- Three Things You Need to Remember About Your Product Warranties
- FTC's "Environmental" Marketing Rules: What Manufacturers, Distributors and Franchisors Need to Know
- Proposition 65: Information that Product Manufacturers and Distributors Need to Know
- Prop 65 Warning Requirements for Product Manufacturers and Distributors
What is an "asset purchase agreement".
A: An asset purchase agreement is a legal contract providing for the transfer and sale of the assets of a business. In New York and New Jersey, the majority of business purchase and sale transactions occur by way of an "asset purchase" (compared to a stock purchase). The asset purchase agreement identifies the purchase price, the assets to be transfered and the inclusion of other conditions of the business sale, such as non-compete covenants, due diligence contingencies, lease contingencies and lease assignment obligations.
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