ASSET PURCHASE AGREEMENT
This Asset Purchase Agreement (this "Agreement") is entered into as of [DATE] (the "Effective Date") by and between:
- [SELLER LEGAL NAME], a [entity type] organized under the laws of [State/Country of Formation] ("Seller"); and
- [BUYER LEGAL NAME], a [entity type] organized under the laws of [State/Country of Formation] ("Buyer").
RECITALS
A. Seller owns and operates the business known as "[BUSINESS NAME]" (the "Business") and desires to sell substantially all of the assets used in the Business.
B. Buyer desires to purchase the Assets and to assume only the Assumed Liabilities upon the terms and subject to the conditions set forth herein.
DISPUTE RESOLUTION
Governing Law. This Agreement shall be governed by the Laws of the State of Arizona, without giving effect to any choice-of-law principles.
Forum Selection. Each Party irrevocably submits to the exclusive jurisdiction of the state and federal courts located in Maricopa County, Arizona.
Jury Trial Waiver. EACH PARTY HEREBY WAIVES ITS RIGHT TO A JURY TRIAL IN ANY ACTION ARISING OUT OF THIS AGREEMENT.
EXECUTION PAGE
IN WITNESS WHEREOF, the Parties have executed this Asset Purchase Agreement as of the Effective Date.
SELLER:
[SELLER LEGAL NAME]
By: ___________________________
Name: _________________________
Title: _________________________
BUYER:
[BUYER LEGAL NAME]
By: ___________________________
Name: _________________________
Title: _________________________