Asset Purchase Agreement | Canada
Draw up the terms for purchase of the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
The business is sold as a "going concern", including assets, inventory and goodwill.
Purchase Price of Inventory
The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
Conditional Transaction
The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
Schedules Included
Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement.
Format and Governing Law
The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs. It is governed by Canadian law and is intended for use only in Canada.
Assignment of Commercial Lease by Tenant
Assign your business lease over to a new tenant with this Assignment of Commercial Lease by Tenant form.
- The landlord must consent in writing to the assignment of the lease, and a Consent of Landlord form is included.
- The assignor will remain liable to the landlord during the balance of the lease term for all amounts due under the Lease.
- The landlord does not give up any of its rights under the Lease by consenting to the assignment.
- The assignor releases and waives all of its rights as tenant under the Lease, but is not released from any of its obligations.
- This is a generic legal form which is not country-specific and can be used anywhere that a prescribed form is not required.
Assignment of Business Assets
Assign and transfer ownership of the assets of a small business from a seller to a purchaser with this downloadable Assignment of Assets form.
Purpose of Assignment
An assignment of assets would form part of the paperwork involved in the sale of a business. Under this contract, the seller assigns its interest in the business' assets to the purchaser without any set-off.
Key Provisions of Assignment Agreement
- The seller certifies the accuracy of the records and accounts of the business.
- The business assets being assigned will include all of the accounts payable, contracts, leases, inventory, and good will.
Format and Laws
The Assignment of Assets template is provided in MS Word format and is fully customizable. This is a generic legal document which does not contain specific references to the laws of any country or jurisdiction. It can be used almost anywhere.