Asset sale agreement—non-going concern sale
Asset sale agreement—non-going concern sale

The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:

  • Asset sale agreement—non-going concern sale
  • Parties
  • Background
  • Schedule 1Value of Assets
  • Schedule 2The Security
  • Schedule 3The Equipment Leases and the Leased Assets
  • Schedule 4The Properties
  • Part A: The Freehold Properties
  • Part B: The Leasehold Properties
  • Part C: The Leases
  • more

This Agreement is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [Insert name of company in administration/liquidation] (in [administration OR liquidation]) a company incorporated in [England and Wales OR [insert country of incorporation]] with registered number [insert company number] the registered office of which is at [insert address] (the Seller), acting by its [joint] [Office-Holder OR Office-Holders];

  1. 2

    [Insert name of office-holder(s)] of [insert name of firm] the registered office of which is at [insert address of firm](the [Office-Holder OR Office-Holders]);

  1. 3

    [insert name of purchasing corporate entity] a company incorporated in [England and Wales OR [insert country of incorporation]] with registered number [insert company number] the registered office of which is at [insert address] (the Buyer); and

  2. each of the Seller [the Office-Holder OR each Office-Holder] and the Buyer being a Party and together the Seller [the Office-Holder OR each Office-Holder] and the Buyer are the Parties.

Background

  1. (A)

    [[insert name of floating charge holder] (the Floating Charge Holder) is the holder of a qualifying floating charge created by the Seller on [insert date of floating charge(s)] in favour of the Floating Charge Holder

  2. OR

  3. (B)

    The