Common Contracts
1 similar Purchase Agreement contracts
Purchase agreement format pdfPurchase Agreement • July 12th, 2023
Updated July 09, 2023An asset purchase agreement, or “APA,” is a legal document that allows a business to sell its tangible or intangible property to another party (“buyer”). Common items sold include equipment, machinery, customer lists, trademarks, and patents. An asset purchase agreement can only be used for the purchase of assets without liabilities from the business.An asset purchase is the act of a buyer purchasing all or a portion of a business’s assets. Depending on the asset, the seller may be liable to pay ordinary income tax or capital gains depending on the assets sold.In an asset purchase agreement, the buyer obtains the business assets only (with no liabilities) and in a stock purchase agreement, the buyer assumes ownership of the business assets and liabilities.In October 2015, Walgreens agreed to a stock purchase agreement with Rite Aid for $9.4 billion in cash. Under the deal, Walgreens would take ownership of all assets and liabilities of Rite Aid.However, after the F
