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Acquisition Agreement

This Acquisition Agreement template is used for the purchase and sale of a business or its assets. It outlines the terms and conditions the buyer and seller agree to for the transfer of ownership.

Updated 15d ago
acquisitionagreementmergersalebusinessassetsfinancingcontract

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

ACQUISITION AGREEMENT

This Acquisition Agreement ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}} (the "Effective Date"), by and between:

**{{Seller_Company_Name}}**, a company duly incorporated and registered under the laws of {{Seller_Jurisdiction}}, with its principal place of business at {{Seller_Address}} (hereinafter referred to as "the Seller");

AND

**{{Buyer_Company_Name}}**, a company duly incorporated and registered under the laws of {{Buyer_Jurisdiction}}, with its principal place of business at {{Buyer_Address}} (hereinafter referred to as "the Buyer").

The Seller and the Buyer are hereinafter collectively referred to as the "Parties" and individually as a "Party".

RECITALS

WHEREAS, the Seller is engaged in the business of {{Seller_Business_Description}} (the "Business");

WHEREAS, the Seller owns certain assets related to the Business which the Buyer desires to acquire;

WHEREAS, the Buyer desires to acquire the Business/Assets from the Seller, and the Seller desires to sell the Business/Assets to the Buyer, upon the terms and conditions set forth herein.

1. DEFINITIONS

1.1 "Acquired Assets" means all of the assets, properties, and rights of the Seller related to the Business as more fully described in Schedule A attached hereto.

1.2 "Closing" means the consummation of the transactions contemplated by this Agreement.

1.3 "Purchase Price" means the total consideration to be paid by the Buyer to the Seller for the Acquired Assets.

2. ACQUISITION OF ASSETS

2.1 Subject to the terms and conditions of this Agreement, at the Closing, the Seller shall sell, convey, assign, transfer, and deliver to the Buyer, and the Buyer shall purchase and acquire from the Seller, all of the Acquired Assets.

2.2 The Seller shall provide all necessary assistance to the Buyer to ensure a smooth transition of the Acquired Assets.

3. PURCHASE PRICE AND PAYMENT

3.1 The total purchase price for the Acquired Assets shall be {{purchase_price}} ({{currency}}) (the "Purchase Price").

3.2 The Purchase Price shall be paid by the Buyer to the Seller as follows: {{payment_terms}}.

3.3 All payments shall be made in {{currency}} to the bank account designated by the Seller in writing.

4. REPRESENTATIONS AND WARRANTIES OF THE SELLER

The Seller represents and warrants to the Buyer as follows:

4.1 **Authority:** The Seller has the full corporate power and authority to enter into and perform its obligations under this Agreement.

4.2 **Title to Assets:** The Seller has good and marketable title to all Acquired Assets, free and clear of all liens, encumbrances, and adverse claims.

4.3 **No Litigation:** There is no action, suit, proceeding, or investigation pending or threatened against the Seller or the Acquired Assets which could materially affect the Seller's ability to perform its obligations hereunder.

5. REPRESENTATIONS AND WARRANTIES OF THE BUYER

The Buyer represents and warrants to the Seller as follows:

5.1 **Authority:** The Buyer has the full corporate power and authority to enter into and perform its obligations under this Agreement.

5.2 **Financial Capacity:** The Buyer has sufficient funds to pay the Purchase Price and perform its obligations under this Agreement.

6. INDEMNIFICATION

6.1 The Seller shall indemnify and hold harmless the Buyer from and against any and all losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to any breach of the Seller's representations, warranties, or covenants contained in this Agreement.

6.2 The Buyer shall indemnify and hold harmless the Seller from and against any and all losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to any breach of the Buyer's representations, warranties, or covenants contained in this Agreement.

7. GOVERNING LAW AND DISPUTE RESOLUTION

7.1 This Agreement shall be governed by and construed in accordance with the laws of {{Governing_Jurisdiction}}.

7.2 Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration under the rules of {{Arbitration_Institution}} in {{Arbitration_City}}, {{Arbitration_Country}}.

8. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, between the Parties.

Any modification to this Agreement must be in writing and signed by both Parties.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

**SELLER:**

_____________________________

By: {{Seller_Signatory_Name}}

Title: {{Seller_Signatory_Title}}

**BUYER:**

_____________________________

By: {{Buyer_Signatory_Name}}

Title: {{Buyer_Signatory_Title}}

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