Asset Purchase Provisions for Management by Purchaser

Add these provisions to your Asset Purchase and Sale Agreement to provide for management of the business by the purchaser in the period prior to the closing.

  • The purchaser will take over managing the business between the effective date of the Asset Purchase Agreement and the closing date.
  • The provisions set out the particulars of how the business is to be operated, and what the purchaser's responsibilities are.
  • Accounts receivable remain the property of the vendor (seller), and the vendor is responsible for invoicing and collecting the receivables.
  • The Asset Purchase Provisions for Management by Purchaser can be used as a means to smoothly transition the business operations from the seller to the buyer without interruption.
  • Available in MS Word format.
Document Type: Microsoft Word
Last Updated: 20-June-2021
SKU: 527
$6.49
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  • Intended for use only in Canada.
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Insert this No Finder's Fee clause into an Asset Purchase Agreement for a transaction which has no commission or finder's fee payable on the sale.

Download the free file in MS Word format, or copy and paste the text below.

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NO FINDER'S FEES

The Vendor and the Purchaser do hereby warrant each to the other than neither has done any act which would incur or require the payment of any finder's fees or commissions of any nature whatever payable either in connection with this Agreement, any matter or thing contemplated hereby or the transaction of purchase and sale provided for herein.

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