San Antonio Business Lawyers
Simplifying Asset Purchase Agreements
Legal Help with Asset Purchase Agreements
So what exactly is an asset purchase agreement? Essentially an asset purchase agreement (or APA) is a binding document between a buyer and seller for the purchase and sale of a company’s assets. Usually it will include language about the reason for selling and guidelines for a sale.
What are business assets?
Company, or business assets are any items that a business needs in order to operate. From office furniture, to computers, machinery, or other items, these are all considered business assets. Other valuable items such as a customer list may also be considered an asset. If a business owner decides to sell the company, he or she may form an asset purchase agreement with a buyer in order to sell these items. Generally, the buyer will choose what assets they want to purchase, if not all, from the business in order to minimize liability.
Preparing an Asset Purchase Agreement
If the time comes as a business owner that you ever need to sell your company or its assets, it’s a good idea to speak with an attorney who has thorough experience in this area. Working with an attorney on your asset purchase agreement will help ensure that you are receiving fair and appropriate compensation for the sale of your assets.
At Clausewitz Law Firm, our business attorneys are ready and able to help when it comes to all stages of business. Even when it comes time to sell. Our primary goal is to ensure that our clients are well protected in all areas of business and are best informed when it comes to making decisions that impact their company. Working with an attorney on this matter will not only help save you time and money in the long run, but will bring peace of mind when it comes to your transactions.
If you need assistance with a purchase agreement, or simply want more information on how we can help your business, our San Antonio business attorneys are here to help. Contact us with any questions.