An asset purchase agreement can include a wide range of real estate such as real estate, equipment, inventory, vehicles, businesses, intellectual property, art, collectibles, etc. Sometimes asset purchase agreements are isolated and sometimes they are part of a larger transaction. If you need help at any stage of an asset purchase, do not hesitate to contact our office. We can arrange a consultation to learn more about your legal needs and how Cueto Law Group can help you. A standard part of any asset purchase agreement should be a due diligence checklist to properly identify all the elements required for a successful closing of the transaction. You can remove these items from the list as soon as they are ready in the period before the closing date (and after completion). The main advantage of an acquisition checklist is the certainty that you have not missed any critical steps. Other important benefits of a checklist include: The content of your asset purchase agreement checklist is likely to vary depending on the type of asset acquired. For example, the requirements for a real estate acquisition are different from the requirements of a contract for the sale of intellectual property. In general, your checklist may include the following: Due diligence checklists are essential for mergers and acquisitions.
Cueto Law Group`s lawyers regularly assist clients in the negotiation and management of asset purchase contracts and similar transactions. The company appreciates the organization and trust that a due diligence checklist can bring to any business. As mentioned above, each due diligence checklist for the purchase agreement is different and requires some tweaks to fit the unique elements of your business. You can download our sample checklist in Word or PDF to get a better idea of how this document can add value to your next transaction. Of course, this checklist is just an example and should not be used without consulting a lawyer. Buying and selling an asset is likely at some point in the life of almost any business. The terms are often documented in an asset purchase checklist, the complexity of which varies depending on the type of asset and the interested parties. Your checklist for entering into the stock purchase agreement must include all agreements, contracts, licenses, disclosures, compliance elements and any other documents required to complete the transaction. Trying to close a deal without a solid checklist carries the risk of important items falling through the cracks. An incomplete or substandard checklist can jeopardize any otherwise well-intentioned transaction.
Most parties – with the help of their legal counsel – execute the terms of an asset purchase, relying on a due diligence checklist. A good checklist keeps the parties organized and on track to complete all the tasks necessary to close the deal. This article provides an explanation of the points you can see on a due diligence checklist for acquiring assets, why they are important, and a sample checklist that you can download. Cueto Law Group is a Miami-based boutique law firm whose lawyers handle issues related to business transactions and litigation. The firm is headed by international business lawyer Santiago Cueto. .