(0) items
You have no items in your shopping cart.
All Categories

    Ontario Purchase Agreement for Assets of Operating Company


    Acquire the assets of an Ontario corporation with this Purchase Agreement for Assets of Operating Company.

    • The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
    • The balance of the purchase price will be secured by a promissory note.
    • The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Ontario Corporations Tax Act.
    • The form includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
    • The form also includes a Promissory Note.
    • This is a fully editable legal template intended for use only in the Province of Ontario, Canada.
    Download Type: Microsoft Word
    Last Updated: 08-October-2021
    SKU: 1077
    Customers who bought this item also bought