Ontario Purchase Agreement for Assets of Operating Company

Acquire the assets of an Ontario corporation with this Purchase Agreement for Assets of Operating Company.

  • The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
  • The balance of the purchase price will be secured by a promissory note.
  • The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Ontario Corporations Tax Act.
  • The form includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
  • The form also includes a Promissory Note.

The Ontario Purchase Agreement for Assets of Operating Company is a fully editable legal template.

SKU: 1077
$29.99