Common Contracts
1 similar Asset Purchase Agreement contracts
Asset purchase agreement template wordAsset Purchase Agreement • February 19th, 2023
Updated 2023 January 25 A Property Agreement or APA is a legal document that allows a company to sell its tangible or intangible assets to another party (the "Buyer"). The most frequently sold items are equipment, machinery, customer lists, brands and patents. A property purchase and sale agreement can only be used when purchasing assets from a business without liabilities. An asset purchase is when a buyer buys all or part of a company's assets. Depending on the assets, the seller may have to pay ordinary income tax or capital gains tax, depending on the assets sold. In an asset sale agreement, the buyer receives only the assets of the business (excluding liabilities), and in a stock agreement, the buyer takes over the assets and liabilities of the business. In October 2015, Walgreens agreed to a stock purchase agreement with Rite Aid for $9.4 billion. USD in cash. Under the terms of the agreement, Walgreens will assume all of Rite Aid's assets and liabilities. However, following the
