California Purchase Agreement for Business Assets
You can write your own Offer to Purchase â„ Purchase Agreement for Business Assets with this professional template for California businesses.
- The offer is for the assets, equipment, fixtures, leasehold interests, contract rights, records, franchises, etc. of the business, but NOT the receivables, bank accounts, or cash on hand.
- Part of the purchase price will be paid by way of the purchaser's assumption of business debt and partly by a non-negotiable note with right of offset.
- The transaction is conditional upon (i) the purchaser having satisfactorily inspected the assets and records of the business, and (ii) the seller being satisfied as to the qualifications and creditworthiness of the purchaser.
Having a lawyer draw up the agreement could cost hundreds of dollars (or more). Download the California Purchase Agreement for Business Assets and do it yourself.
Last Updated: 14-April-2016