Offer to Purchase Assets of a Business - Short Form (Canada)

Offer by one party given to the owner of a business to purchase the assets of the business.

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Offer by one party given to the owner of a business to purchase the assets of the business. This simple agreement includes provisions regarding: assets purchased; normal course of busines, etc. The agreement also specifies that the offer is irrevocable until a specified time.

For a more comprehensive agreement, please see our "Offer to Purchase the Assets of a Business - Long Form."

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28812
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Offer to Purchase Assets of Business
(Short Form)

 

 
     , of      , (the “Buyer”) hereby offers to purchase from      , of       (the “Seller”), all of the undertaking, property and assets of the Seller used in its       (the “Business”) as a going concern, of every kind and description and wherever situated, including but not limited to the assets described in Schedule “A” hereto (the “Assets”), upon and subject to the following terms and conditions:
1.   Purchase Price. The purchase price (the “Purchase Price”) payable by the Buyer to the Seller for the Assets shall be      , which shall be paid and satisfied at Closing by certified check or bank draft.
2.   Closing Date. Time shall be of the essence of this Offer. The closing of this transaction shall take place at 2:00 p.m. on       or such earlier or later date as may be mutually acceptable to the parties hereto (the “Closing Date” or “Closing”).
3.   Normal Course of Business. After acceptance of this Offer, the Seller shall cause the Business to be carried on in the normal course of business.
4.   Bulk Sales Compliance. The Seller shall comply with applicable bulk sales legislation.
5.   Schedules. Schedules and other documents attached or referred to in this Offer are an integral part of this Offer.
6.   Entire Agreement. This Offer constitutes the entire agreement among the parties and except as herein stated and in the instruments and documents to be executed and delivered pursuant hereto, contains all of the representations and warranties of the respective parties. There are no oral representations or warranties amount the parties of any kind. This Offer may not be amended or modified in any respect except by written instrument signed by both parties.
7.   Governing Law. This Offer shall be governed by and construed in accordance with the laws of the Province of      .
8.   Successors and Assigns. This Offer shall enure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.
9.   Irrevocable Period. This Offer shall be irrevocable by the Buyer until 5:00 on      , after which time, if not accepted, this Offer shall be null and void.
 
IN WITNESS WHEREOF this Offer has been executed by the Buyer this _____ day of ____________________, _____.
 
 
 
 
Witness
 
Name of Buyer
 
I hereby accept the above Offer.
 
DATED _____________________, _____
 
 
 
 
Witness
 
Name of Seller
 
 
Schedule “A
List of Assets
     

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