Minnesota business owners, sell a part of your operations which comprise a specific product line with this Agreement for Purchase and Sale of Assets. Provisions of the Agreement include:

• 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 document is provided in MS Word format, and is fully editable to fit your specific needs.