Asset Purchase Agreement
This Asset Purchase Agreement outlines the terms under which a Buyer agrees to purchase specific assets from a Seller. It details the purchase price, conditions of sale including an "as is" clause, and mutual representations regarding legal standing. The agreement also specifies that it is binding on successors and should comply with relevant laws.
Asset Purchase Agreement
On this [date], [buyer], hereafter known as “Buyer,” agrees to purchase certain assets from [seller], hereafter known as “Seller,” as described below.
Limitations on this purchase include those of sufficient funding. The full cash price of [price] will be due upon closing of this agreement. This agreement is dependent on this payment for full execution.
The following conditions shall be placed on the purchase of [description of assets] at the price of [price].
The purchase price includes exactly and only the following elements: [list assets in their entirety]. All elements of this purchase will be sold as is, in the condition in which Buyer viewed the purchase. No alterations shall be made, nor repairs rendered. Buyer will not make claims against Seller in the event of post-transfer accidents. Seller will furnish Buyer with these assets at a reasonable time agreed to by both parties.
Seller and Buyer claim that they are in good legal standing and that their ability to conduct this transaction will not be affected by poor tax performance or illegal conduct. In the instance of complications, the responsibility to remedy the situation will lie with the element that acted illegally.
This agreement shall be binding for any successors to either side, and shall be duly documented by both sides.
To the knowledge of both parties, this agreement is in accordance with all relevant laws, which state [list important relevant laws]. Reasonable research into the legality of this agreement has been undertaken.
Additionally, the following conditions apply: [list any specific considerations, typically those relevant to the type of asset].
|
|
|
[buyer] |
| [seller] |
|
|
|
[signature] |
| [signature] |
|
|
|
[position] |
| [position] |
5.0 out of 5 on Google
Read reviewsAs seen in
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by 5,000+ businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work,
with practicing lawyers
Trained on 5,500+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Ready to get started?
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.