Free Acquisition Agreement Template
Acquisition Agreement
This Acquisition Agreement (the “Agreement”) dated this [Date] is entered into between [Your Name], henceforth referred to as the “Buyer,” and [Seller Name] henceforth referred to as the “Seller.”
I. TERMS AND CONDITIONS
The Seller, in consideration of the agreed-upon purchase price of Enter Amount, hereby agrees to sell, and the Buyer hereby agrees to purchase, the business described above, free from any existing liabilities and encumbrances.
II. REPRESENTATIONS AND WARRANTIES
The Seller represents and warrants that the business being sold is free from any outstanding taxes, liens, encumbrances, or undisclosed liabilities. Furthermore, the Seller asserts that it possesses full authority to execute this transaction and transfer ownership of the business.
III. LEGAL FRAMEWORK AND COMPLIANCE
This Agreement shall be governed by the laws of the relevant jurisdiction. Both parties affirm that all actions outlined in this Agreement comply fully with all applicable laws and regulations, encompassing but not limited to antitrust statutes, securities regulations, and tax laws.
IV. CONFIDENTIALITY
Both the Buyer and Seller agree to maintain strict confidentiality regarding the terms, conditions, and existence of this Agreement, except in cases where mutual written consent for disclosure is obtained.
V. DUE DILIGENCE
The Seller shall allow the Buyer to conduct comprehensive due diligence encompassing the business's operational, legal, and financial aspects, within a reasonable period preceding the finalization of this Agreement.
VI. RISK ALLOCATION
The allocation of risks arising from the acquisition shall be governed by applicable laws and the terms delineated in this Agreement. Responsibility for any liabilities or legal issues stemming from the acquisition shall be apportioned according to the stipulations herein.
VII. PROTECTION OF INTERESTS
This Agreement is designed to safeguard the respective interests of both parties involved. Violations of the terms herein may lead to penalties, including potential monetary damages, as outlined within the Agreement.
VIII. TERMS OF AGREEMENT
Commencing on the Start Date and continuing until the End Date, unless terminated earlier under the provisions herein, the terms of this Agreement shall remain in full force and effect.
IX. DISPUTE RESOLUTION
In the event of any dispute, claim, question, or disagreement arising from or relating to this Agreement, the parties shall initially seek to resolve the matter amicably. If such a resolution is unattainable, the dispute shall be settled through Arbitration.
X. DOCUMENTATION
This Agreement constitutes the entire understanding and agreement between the Buyer and Seller, superseding all prior negotiations, understandings, and agreements.
IN WITNESS WHEREOF, the undersigned parties have executed and delivered this Agreement as of the date first written above.
Buyer:
[Your Name]
[Date Signed]
Seller:
[Seller's Name]
[Date Signed]
