Business Asset Purchase Agreement

1. Parties & Effective Date

This Business Asset Purchase Agreement ("Agreement") is entered into as of [Effective Date] between [Seller Name] ("Seller") and [Buyer Name] ("Buyer").

2. Assets Purchased

Seller agrees to sell, and Buyer agrees to purchase, the following assets: [Description — e.g. equipment, inventory, client list, business name/goodwill, listed in Attachment].

3. Excluded Assets & Liabilities

This sale does not include [Excluded Assets, if any]. Buyer does not assume any of Seller’s liabilities, debts, or obligations except those expressly listed here: [Assumed Liabilities, if any].

4. Purchase Price & Payment

The total purchase price is [Amount], payable as follows: [Payment Terms — e.g. lump sum at closing, or a deposit with installments].

5. Closing

Closing will take place on [Closing Date], at which time Seller will deliver the assets and any related documents (titles, assignments) to Buyer.

6. Representations

Seller represents that they have good title to the assets, free of undisclosed liens, and that the assets are in the condition described, except as otherwise disclosed in writing.

7. Non-Compete (Optional)

[If included: Seller agrees not to engage in a competing business within [Geographic Area] for [Number] months after closing, subject to enforceability under [State / Jurisdiction] law.]

8. Governing Law & Signatures

This Agreement is governed by the laws of the State of [State / Jurisdiction].

Seller Signature: _______________________ Date: _______________

Buyer Signature: _______________________ Date: _______________