Products tagged with 'asset purchase agreement'

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Alberta No Interest Letter for Oil and Gas Assets

The letter is written by a party who holds an interest in the assets, which are the subject of a Purchase and Sale Agreement.
The writer either waives or releases its interest in the assets being sold.
This template is a downloadable MS Word file which is fully editable.
This form is for the Province of Alberta, Canada.

$2.49

The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
The parties agree to review and make any adjustments to the purchase price six months after closing.
It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
This is a downloadable fully editable template in MS Word format.
Intended for use in the Province of Ontario, Canada.

$29.99

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.

$29.99

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.

$6.29

Once accepted by the seller, the Offer to Purchase becomes a binding agreement of purchase and sale between the parties.
The offer is conditional upon the purchaser receiving financing sufficient for the transaction.
The purchaser will take over the lease on the business premises and assume certain liabilities.
The purchaser is responsible for paying HST on the transaction.
The purchaser will pay the value of current inventory and supplies on hand as of the closing date, valued at lower of cost and net realizable value, as determined by the parties after conducting a physical inventory.
The parties will cooperate in obtaining any third party consents required to complete the transaction.
The parties will jointly file an election under section 167 of the Excise Tax Act.
Available in MS Word format.
Intended to be used only in the Province of Ontario, Canada.

$29.99

The vendor sells a parcel of land for fair market value to a holding company in exchange for preferred shares in the holding company (a rollover) with a redemption amount equal to the purchase price of the land.
The parties agree to file joint elections as required under the Income Tax Act (Canada) and the Ontario Corporations Tax Act.
The file includes a Section 116 Affidavit of Residency, to be sworn by a corporate officer of the vendor, if applicable.
Available in MS Word format and fully editable to fit your specific circumstances.
This is a Canadian legal form for use in the Province of Ontario.

$19.99