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Document Id : 5127
File Type : Microsoft Word
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California Purchase Agreement for Business Assets
Buy the assets of a California business with this template Offer to Purchase ⁄ Purchase Agreement for Business Assets.
Provisions of the Agreement include:
- The purchaser is buying the equipment, fixtures, leasehold interests, contract rights, records, franchises, etc. of the business, but NOT the receivables, bank accounts, or cash on hand.
- Part of the purchase price will be paid by way of the purchaser's assumption of the balance of an outstanding note, payable in monthly installments of principal and interest, and partly by a non-negotiable note with right of offset.
- The transaction is conditional upon the purchaser having satisfactorily inspected the assets and records of the business, and the seller being satisfied as to the qualifications and creditworthiness of the purchaser.
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