California Purchase Agreement for Business Assets

Prepare an Offer to Purchase / Purchase Agreement for the assets of a California business with this professional contract template.

• The offer is for the assets, equipment, fixtures, leasehold interests, contract rights, records, franchises, etc. of the business, but NOT the receivables, bank accounts, or cash on hand.
• Once accepted by the seller, the offer becomes a purchase agreement.
• Part of the purchase price will be paid by way of the purchaser's assumption of business debt and partly by a non-negotiable note with right of offset.
• The transaction is conditional upon:
  • the purchaser having satisfactorily inspected the assets and records of the business, and
  • the seller being satisfied as to the qualifications and creditworthiness of the purchaser.
• Having a lawyer draw up the agreement could cost hundreds of dollars (or more). Save yourself time and money with this easy-to-use MS Word template.
• Intended to be used only in the State of California.