Tennessee Asset Purchase and Sale Agreement

Are you selling a business in the State of Tennessee? Transfer title to the business assets with this Asset Purchase and Sale Agreement.

• The buyer agrees to buy all tangible and intangible assets of the business, including inventory, equipment, supplies, improvements, fixtures, goodwill, accounts receivable, etc.
• The buyer will assume certain liabilities of the business, and indemnifies the seller against claims relating to those liabilities. The seller indemnifies the buyer against any obligations not being assumed.
• The purchase price includes a stated value of inventory. If the actual value is greater or less than this value, the purchase price will be adjusted accordingly. The parties agree to jointly take inventory prior to closing.
• The seller agrees to train the buyer's employees for a specified period of time after closing, at no cost to the buyer.
• The business premises lease will be assigned to the buyer.

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