Acquisition Agreement

About this template:

This particular legal document or agreement of assignment is used as an acquisition agreement. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

ACQUISITION AGREEMENT This Acquisition Agreement (the Agreement) is effective RECITALS The Company operates a business known as [SPECIFY] that engages in the business of providing [SPECIFY] under the service mark [SPECIFY] on the [SPECIFY] (as defined in the Commercial Agreement described below) and selling [DESCRIBE]. The Company desires to sell to Purchaser and Purchaser desires to purchase from the Company substantially all of the assets of the [SPECIFY] Business in exchange for: (i) [NUMBER] shares of the Series [SPECIFY] Preferred Stock of Purchaser (the ACQUISITION SHARES); and (ii) the assumption by Purchaser of certain enumerated liabilities of the [SPECIFY] Business in each case all on the terms and conditions set forth in this Agreement. In addition in consideration for services to be rendered by the Company to Purchaser pursuant to the Operating Agreement (as defined below) in connection with the transfer of the [SPECIFY] Business to Purchaser Purchaser will issue to the Company [NUMBER] shares of the Series [SPECIFY] Preferred Stock of Purchaser (the SERVICES SHARES). The Acquisition Shares and Services Shares are collectively referred to herein as the TRANSACTION SHARES.

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