To further clarify how to create your document, we have included the following steps.
Review the following parts of an APA to write your document correctly.
Personal Information
Include the date you are signing the contract in addition to the personal details of both you and the other party.
Physical Assets
State the tangible assets in the transaction, as well as how much they are worth. If there are no physical items being sold as part of the sale, then select “No Tangible Assets.”
Non-Physical Assets
Include the non-physical assets in the transaction, as well as how much they are worth. If no intangible items are being sold as part of the sale, then select “No Tangible Assets.”
Cost of Assets
Include the amount the seller must receive to transfer ownership to the buyer.
Deposit Details
Insert a space that provides information about a deposit that must be given to complete the transaction. It should include the amount of the deposit.
Also include an option of “Not Necessary” if no deposit is obligatory, and if it is refundable or not.
Providing Payment
Fill in all the information regarding how the payment will be provided to the seller. It could be given at the closing or by financing, as well as the conditions that go with it.
Establish the interest rate, the term (period), and the due date (if being financed).
3rd Party Approval
Include a section that makes a 3rd party’s approval necessary or not necessary to complete the transaction.
Finalization of the Agreement
Enter a space for the date and time of closing information. This marks the moment the transaction will be finalized.
Closing Expenses
Specify which parties, if not both, will pay for the closing costs of the agreement.
State Law
Fill in the name of the state where the agreement will be enforced.
Extra Provisions
Enter any extra terms, which are any specific agreements that you and the other party have made together.
Signature Section
Enter the date you will sign the agreement. Also include your name and signature, as well as the name and signature of the other party.
With LawDistrict’s Asset Purchase Agreement template, it is simple to write your document without missing any critical information.