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Company Purchase Agreement
Company Purchase Agreement
This Purchase Agreement ("Agreement") is made and entered into on [Date] ("Effective
Date"), by and between [Buyer Company Name], a [State] corporation, with its principal
place of business at [Address] ("Buyer"), and [Seller Company Name], a [State] corporation,
with its principal place of business at [Address] ("Seller").
WHEREAS, Seller owns [Company Name], a [State] corporation, with its principal place of
business at [Address] (the "Company"); and
WHEREAS, Buyer desires to purchase the Company, and Seller desires to sell the Company,
on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein,
the parties agree as follows:
2. Purchase Price
The purchase price for the Company shall be [Purchase Price] Dollars ($[Purchase Price]),
payable on the Closing Date as follows: [Payment Terms].
b. The Company's assets and liabilities are free and clear of any liens, encumbrances, or
other claims;
c. The Company is in good standing under the laws of the State of [State], and has the power
and authority to carry on its business as presently conducted;
d. Seller has not entered into any agreement, commitment, or understanding that would
prevent the sale of the Company to Buyer;
e. The Company has not been the subject of any litigation or regulatory action that would
materially affect its ability to conduct its business as presently conducted;
f. Seller has not received any notice or other communication from any governmental
authority or third party that would materially affect the Company's business as presently
conducted.
4. Representations and Warranties of the Buyer
Buyer represents and warrants to Seller that:
a. Buyer has the power and authority to enter into this Agreement and to perform its
obligations hereunder;
b. The execution, delivery, and performance of this Agreement by Buyer has been duly
authorized by all necessary corporate action;
c. The funds to be used to pay the purchase price for the Company have been fully and
unconditionally committed by Buyer;
d. Buyer has no knowledge of any material fact or circumstance that would make any of the
representations and warranties of Seller in this Agreement untrue or misleading.
5. Closing
The closing of the purchase and sale of the Company (the "Closing") shall take place on
[Closing Date], at [Closing Time], at a location to be agreed upon by the parties. At the
Closing, Seller shall deliver to Buyer all of the Company's assets and liabilities, free and clear
of any liens or encumbrances, and Buyer shall pay the purchase price for the Company as set
forth in Section 2.
6. Employees
Buyer shall retain all employees of the Company following the Closing, and shall not
terminate or materially alter the terms and conditions of employment of any employee of
the Company without the written consent of Seller.
7. No Relocation
Buyer shall not relocate the Company's operations outside of the State of [State] for a period
of [Time Period] following the Closing, without the written consent of Seller.
8. Indemnification
(a) Seller shall indemnify and hold harmless Buyer and its affiliates, officers, directors,
employees, agents, and representatives (collectively, the "Buyer Indemnified Parties") from
and against any and all losses, liabilities, damages, claims, suits, actions, demands, costs, and
expenses (including reasonable attorneys' fees) (collectively, "Losses") arising out of or
resulting from any breach of any representation or warranty of Seller in this Agreement or
any breach of any covenant or agreement of Seller in this Agreement.
(b) Buyer shall indemnify and hold harmless Seller and its affiliates, officers, directors,
employees, agents, and representatives (collectively, the "Seller Indemnified Parties") from
and against any and all Losses arising out of or resulting from any breach of any
representation or warranty of Buyer in this Agreement or any breach of any covenant or
agreement of Buyer in this Agreement.
9. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of the State
of [State]. Any action or proceeding arising out of or related to this Agreement shall be
brought exclusively in the state or federal courts located in [County], [State], and each party
irrevocably submits to the jurisdiction of such courts in any such action or proceeding.
11. Notices
All notices, requests, consents, and other communications hereunder shall be in writing and
shall be deemed to have been duly given when delivered personally, sent by overnight
courier or certified mail, return receipt requested, postage prepaid, to the addresses set
forth below:
If to Buyer:
[Buyer's Address]
If to Seller:
[Seller's Address]
IN WITNESS WHEREOF, the parties have executed this Purchase Agreement as of the date
first written above.
By: ____________________________
Name:
Title:
By: ____________________________
Name:
Title:
PURCHASE AGREEMENT FOR VEHICLE
This Purchase Agreement (the "Agreement") is entered into on this [Date] by and between
[Buyer's Name] (the "Buyer") and [Seller's Name] (the "Seller").
1. Vehicle Details
Seller hereby agrees to sell to Buyer and Buyer hereby agrees to purchase from Seller the
following vehicle:
Make: [Make]
Model: [Model]
Year: [Year]
VIN: [VIN Number]
Color: [Color]
Mileage: [Mileage]
2. Purchase Price
The total purchase price for the vehicle shall be [Purchase Price in USD]. The Buyer shall pay
the purchase price to the Seller by cash, certified check, or bank transfer.
5. Transfer of Ownership
The Seller shall transfer ownership of the vehicle to the Buyer upon receipt of the purchase
price. The Seller agrees to sign any necessary documentation to effectuate the transfer of
ownership, including but not limited to the vehicle's title.
(c) the vehicle has not been in any accidents or sustained any damage other than ordinary
wear and tear;
(d) the Seller has disclosed all known defects or mechanical issues with the vehicle;
(e) the Seller has not received any notice of any recalls affecting the vehicle; and
(f) the Seller has the full right and authority to sell the vehicle.
8. Entire Agreement
This Agreement constitutes the entire agreement and understanding between the parties
with respect to the subject matter hereof and supersedes all prior negotiations,
understandings, and agreements between the parties with respect to such subject matter.
9. Notices
All notices, requests, consents, and other communications hereunder shall be in writing and
shall be deemed to have been duly given when delivered personally, sent by overnight
courier or certified mail, return receipt requested, postage prepaid, to the addresses set
forth below:
If to Buyer:
[Buyer's Address]
If to Seller:
[Seller's Address]
[BUYER'S NAME]
By: ____________________________
Name:
Title:
[SELLER'S NAME]
By: ____________________________
Name:
Title: