» What’s Missing from Your Asset Purchase Agreement?

Does Your Asset Purchase Agreement Expressly List Specific Excluded Assets From the Sale?

Does your asset purchase agreement list excluded assets clearly? Business owners should understand how unclear exclusions can create disputes after closing. Read More
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Does Your Asset Purchase Agreement Expressly List Specific Excluded Assets From the Sale?

Key Takeaways for Business Owners Excluded assets do not protect you unless they are listed clearly and specifically in the agreement. Broad “Purchased Assets” language can still capture items you assumed you were keeping unless you carve them ou… Read More
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Does Your Asset Purchase Agreement Transfer the Assets Associated With the Seller’s Goodwill?

Key Takeaways for Business Owners Goodwill does not move automatically in an asset sale; it transfers only if the agreement lists the specific items that carry that value. Brand assets like trade names, domains, phone numbers, and customer-facing acc… Read More
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Does Your Asset Purchase Agreement Require All Books and Records to Be Transferred?

Key Takeaways for Business Owners Books and records do not shift automatically in an asset purchase. Clear documentation allows the buyer to understand and use the purchased assets without interruption. Sellers need to separate asset-specific files f… Read More
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Does Your Asset Purchase Agreement Address the Transfer of Guarantees and Warranties?

Key Takeaways for Business Owners Confirm early whether each warranty or guarantee can legally transfer, because many do not move automatically in an asset sale. Review the exact warranty terms so you understand coverage limits, transfer rules, and a… Read More
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Does Your Asset Purchase Agreement Address the Transfer of Inventory?

Checklist: What to Confirm About Inventory Before You Sign an Asset Purchase Agreement Define what counts as inventory. Identify what is excluded. Check whether the inventory list will be documented in a schedule. Decide whether you will participate… Read More
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Does Your Asset Purchase Agreement Include Representations by the Owners of the Seller?

Does Your Asset Purchase Agreement Include Representations by the Owners of the Seller? What Business Owners Should Know Representations and warranties define what the seller is promising about the business. If only the company signs, it may be hard… Read More
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Does Your Asset Purchase Agreement Require the Seller to Deliver a Good Standing Certificate?

Does Your Asset Purchase Agreement Require the Seller to Deliver a Good Standing Certificate? What Business Owners Should Know Always require a current certificate of good standing before closing an asset purchase A standing certificate confirms the… Read More
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Unpaid Invoices and Prepaid Services: Whose Responsibility Post-Closing?

Unpaid Invoices and Prepaid Services: Whose Responsibility Post-Closing? Our last article covered the unfinished business doctrine, a legal principle that determines who gets paid for ongoing work when a business is sold midstream. Before that, we ex… Read More
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What Is the Unfinished Business Doctrine for the Acquiror of a Business?

What Is the Unfinished Business Doctrine for the Acquiror of a Business? Last week in this series, we broke down how to handle credits and accounts receivable when structuring an asset purchase agreement. That piece mentioned something that deserves… Read More
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