Details greatly appreciated!!!!!
What exactly is an asset purchase agreement and what are the general details surrounding an individual buyer, desperatly in need of a real home, strongly considering an asset purchase agreement within the state of Texas?
Asked on 7/08/06, 4:34 pm
2 Answers from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Details greatly appreciated!!!!!
An asset purchase agreement is a contract to buy a piece of equipment of some sort. Discussion of the general details depends upon the specifics of your situation.
Answered on 7/08/06, 10:13 pm
Peter Bradie
Bradie, Bradie & Bradie
Re: Details greatly appreciated!!!!!
An asset purchase agreement is typically an agreement to buy some or all the assets of a business entity without buying the entire business, name and all. While I've never heard it applied to residential property, I don't see why it couldn't, if that property is income-producing for a business entity.
Answered on 7/09/06, 12:15 pm
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