Products tagged with 'offer to purchase'

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Alberta Offer to Purchase Oil and Gas Working Interest

Scope of Agreement. The assets being purchased include all wells, equipment, facilities and other associated or related interests.
Assumption of Obligations. The purchaser will assume the vendor's obligations with respect to operational notices already received by the vendor.
Conditional Offer. The offer is subject to:
- a satisfactory title opinion;
- the purchaser's due diligence review of all files, records and deeds related to the working interest.
Jurisdiction. The template is written for the Province of Alberta but can be easily adapted for use in other jurisdictions.
How to Get the Form. To download the Offer to Purchase form, add it to your shopping cart and pay for it via our secure checkout.

$5.99

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

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 offer is for the assets, equipment, fixtures, leasehold interests, contract rights, records, franchises, etc. of the business, but NOT the receivables, bank accounts, or cash on hand.
Once accepted by the seller, the offer becomes a purchase agreement.
Part of the purchase price will be paid by way of the purchaser's assumption of business debt and partly by a non-negotiable note with right of offset.
The transaction is conditional upon:
- the purchaser having satisfactorily inspected the assets and records of the business, and
- the seller being satisfied as to the qualifications and creditworthiness of the purchaser.
Having a lawyer draw up the agreement could cost hundreds of dollars (or more). Save yourself time and money with this easy-to-use MS Word template.
Intended to be used only in the State of California.

$29.99