Asset Purchase Agreement | Canada

Add this clause to an Asset Purchase Agreement if the consent of a third party is required before the assets can be assigned.

• This clause would be used in circumstances where a lender or other third party has an interest in the assets being purchased.
• The file is available in MS Word format.
• This is a generic clause which does not contain references to any specific laws or jurisdictions.

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.

Whether you're selling or buying a business, you can protect yourself against claims by the other party in the transaction with this Mutual Release for Asset Purchase and Sale.

• The Release must be signed by both the purchaser and the seller.
• Each party releases the other party from claims or demands with respect to the transaction.
• This is a generic legal form which can be used anywhere.
• In today's world, it's always better to be safe than sorry. Buy and download the Mutual Release for Asset Purchase and Sale before you sign on the dotted line.

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.

Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.

• No interest will accrue on the principal balance prior to default or maturity.
• The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
• The balance may be totally or partially prepaid without bonus or penalty.
• Available in MS Word format.
• Intended to be used only in Canada.