Minnesota Asset Purchase and Sale Agreement

Minnesota business owners, sell part of your business operations with this Asset Purchase and Sale Agreement.

• The purchaser is buying that part of the seller's assets, operations, inventory, equipment, contracts and goodwill which relate to a particular branded product line.
• The purchaser agrees to assume the accounts payable, expenses and warranty obligations related to the product line.
• The seller agrees not to compete with the purchaser anywhere in the world where the product line is marketed or sold for a period of two years.
• The purchaser issues the seller common shares of stock with piggyback registration rights, as part of the purchase price.

This Minnesota Asset Purchase and Sale Agreement is provided in MS Word format, and is fully editable to fit your specific needs.