NEW ZEALAND

Set down in writing the terms and conditions of selling a business in New Zealand in this customisable Asset Purchase Agreement template.

• The balance of the purchase price is secured by way of a promissory note, which is included in the document package. The note provides for regular instalment payments of principal and interest.
• The agreement contains the standard representations, covenants and warranties of the seller regarding corporate status, authority, financial position of the business, title to assets, conduct of business until closing, and other material items.
• The buyer also makes representations, covenants and warranties to the seller regarding its corporate status, authority, ability to finance the transaction, insurance, and other relevant matters.
• Each of the parties agrees to keep all information of the other party confidential. The parties have the right to an injunction or a suit for damages for a breach of this provision.
• Available in MS Word format.
• Intended to be used only within New Zealand.