Asset Purchase Agreements

Asset Purchase Agreements

If you are looking to purchase a certain business but do not want to purchase both its assets and liabilities, we would suggest an asset purchase agreement. These agreements allow you to choose and specifically state which assets you wish to acquire.

Asset purchase agreements can include the following:

• Brand
• Contracts
• Intellectual Property
• Physical assets, machinery
• Property
• Stock

There can be disadvantages to asset purchase agreements. The most common disadvantage is language that is not specific. Any language that can be construed as a gray area has the potential to lead to contract disputes, which may be very costly in terms of both time and money. We cannot stress enough the critical importance of having experienced attorneys draft your agreements.

When it comes to your contracts, you need a trusted ally, someone who can advocate on your behalf and has your interests in mind. Call us today to review your situation.