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Agreement between a Seller and a Buyer of a Business pursuant to which the Buyer assumes certain obligations of the Seller
Details:
Agreement between a Seller and a Buyer of a Business pursuant to which the Buyer assumes certain obligations of the Seller.
Form Outline:
Assumption of Debts Agreement
THIS AGREEMENT made as of between , of (the "Buyer") and , of (the "Seller").
WHEREAS pursuant to a purchase agreement made...;
AND WHEREAS the obligations of..., including the entering into of this Agreement by the Buyer;
NOW THEREFORE for good and valuable consideration..., it is hereby agreed as follows:
1. The Buyer covenants and agrees to...the following liabilities as of the date hereof:
(a) all of the Seller⿿s obligations and... ;
(b) the obligations of the Seller with respect to product or service warranties, including...;
(c) all accounts payable of the Seller.
2. This Agreement shall enure to...
IN WITNESS WHEREOF this agreement has been executed by the parties hereto as of the date first written above.
Purchases and Sale Forms
