Asset Purchase Agreement Template India

In an asset purchase agreement, the company`s shareholders often buy the assets themselves, but sign them on behalf of another company and consider themselves the owners of the business. This document is usually executed in the case of mergers and acquisitions when a company acquires either the assets and/or shares of the company, or when the buyer wishes to acquire the assets of a business in order to expand its own business. A. The seller has the full power and authority to execute and execute the agreement, execute the proposed transactions and fully fulfill his obligations under this contract. In asset purhase agreements, disputes over money are very common. This problem could be resolved by an expert who has resolved the dispute. c. Sellers are responsible for capital gains, taxes, revenue taxes, income tax and similar taxes, and pay as a result of the completion of the transactions under this agreement. 4.1. Terms of the buyer`s obligations. the requirement for the buyer to complete the transactions under this agreement: depends on the buyer`s satisfaction or written waiver, on or before the completion date of each of the following conditions: the seller accepts that at the end and after the conclusion of the contract, directly or indirectly, it performs one of the following activities of its associate director, partner, full-time: During the term of the contract from the date of the conclusion of the contract, the seller must carry out his transactions in the same way as before, pay his debts and taxes when they are due, pay or fulfill the other obligation. From and after closing, the seller and the individual partners of the seller, the buyer, his related businesses, the successors, the beneficiaries of the assignment and their respective directors, representatives, representatives, collaborators and enforcement assistants agree to: of all losses, liabilities, rights, damages, costs and expenses (including, but not limited, legal fees and interests in relation to them) (cumulative claims) that arise, incur or are incurred in connection with (a) the operation of the seller of the restaurant on the day or before the closing; b) the seller`s failure to take charge and meet its obligations paid by the buyer in accordance with point 1.2 above.

or (c) a violation of any insurance, warranty, contract or agreement that must be honoured by the seller under this Agreement.

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