At the Parsippany, New Jersey Law Offices of James C. DeZao, P.A. Attorneys at Law we are experienced in all aspects of corporate law.
Asset and Stock Purchase Agreements
In the State of New Jersey, asset purchase agreements are a form of business sale in which, instead of buying the stock of a company, a buyer instead purchases specific assets of that company and assumes specific legal and business liabilities. Several unique issues can arise during this type of purchase agreement, including inventory, accounts receivable and payable, asset conditional issues and premises leases which must be addressed.
In a stock purchase agreement, the purchaser buys the shares from the shareholders of the company. Purchasing stock is usually preferable for purchasers, as it helps limit their tax and legal liability issues.
During the drafting of an asset or stock purchase agreement, the purchaser often will require a provision prohibiting the seller from competing, either directly or indirectly, with the purchaser once they finalize the deal. While courts in New Jersey mandate such requirements to have reasonableness with regards to the duration and limitations of such agreements, both parties must determine their exact nature.
Asset Purchase and Sale Agreement Drafting Services
Purchasing agreements are legally binding and can either be simple or complicated, depending on the number of assets and any relevant liabilities. The Law Offices of James C. Dezao understands the importance of negotiating an asset purchase and sales agreement. We will draft a contract that reflects your best interests and will work diligently to ensure your business interests are protected in every way. Arranging for full disclosure of appraisals will protect your investment or help you get the most for the assets you agree to buy or sell.
Beyond drafting services, the Law Offices of James C. Dezao is here to advise your business on a wide array of issues related to sale and purchase agreements, including:
- Practical business and financial issues related to your transaction.
- Employment contingency issues after the purchase or sale is finalized.
- Discovering any liens or other liability issues.
- Advising on local or state laws relevant to your proposed purchase or sale.
- Compensation or earn-outs for sellers.
To learn more about our extensive array of business legal services, call the Law Offices of James C. DeZao today for a free consultation.
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Experienced New Jersey Business Attorneys
Because of what is at stake, the business lawyers at The Law Office of James C. Dezao will give your situation the time and personal attention needed. The process of acquiring or selling a business can be stressful and overwhelming – even for the most experienced business professionals. With our help, you can feel confident your interests are protected, and that your transaction will be completed in a manner that is both fair and timely. Let our experienced and knowledgeable legal team be the advocates you need in your corner when you are involved with an asset purchase and sales agreement. Contact the Law Offices of James C. DeZao today at 973-808-8900 for your free consultation.