Are you buying or selling a business in the State of Illinois? Write up an Asset Purchase and Sale Agreement with this easy-to-use template. Under the Agreement, the seller transfers all or part of the assets of a business to a buyer, who is assuming certain liabilities of the business. Provisions include:

• payment schedule,
  
• agreement by seller not to compete with the business for a specified period of time,
  
• survival clause with respect to the covenants and warranties of both parties,
  
• payment of sales taxes and recording fees with respect to the transaction,
  
• attached schedules listing the assets,
  
• includes a Bill of Sale, Assignment and Conveyance,
  
• also includes an Assumption of Obligations Agreement.

This is a USA agreement template in MS Word format, and is fully editableto fit your needs.