Transcription of Asset Purchase Agreement - jimstclair.com
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Asset Purchase Agreement - jimstclair.com
11 Asset Purchase AgreementThisAssetPurchaseAgreement( Agreement )isdated,20,byand among,acorporation( Buyer );,acorporation( Seller );, a resident of( A );and, a resident of( B )(AandBarereferredtohereinas Shareholders ).COMMENTThe two principal Shareholders are included as parties to the Model Agreementbecause they indemnify Buyer and are responsible for certain covenants. Sometimessome or all of the shareholders are made parties to a separate joinder Agreement ratherthan to the acquisition own() shares of the com-mon stock, par valuedollars ($) per share, of Seller, which consti-tutepercent (%) of the issued and outstanding shares of capital stockof Seller.
16 Model Asset Purchase Agreement ‘‘Breach’’—anybreachof,oranyinaccuracyin,anyrepresentationorwarrantyor any breach of, or failure to perform or comply with, any covenant or obligation, in
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