Asset Acquisitions Toolkit

by Practical Law Corporate & Securities

A Toolkit offering a collection of resources to assist company counsel in navigating asset acquisitions. In an asset acquisition, the buyer has the flexibility to acquire only specified assets and liabilities, reducing the risk of assuming unknown obligations. However, this structure often increases complexity, as the transfer of each asset and liability must be individually documented. The process typically requires more formalities than other M&A transactions, including the execution of bills of sale for tangible assets, assignment and assumption agreements for contracts, and deeds for real property. More third-party consents may also be necessary to address anti-assignment clauses in key agreements. This Toolkit provides continuously maintained standard documents, transaction guides, and checklists to help counsel manage the entire transaction, from preliminary planning and due diligence through the negotiation of the asset purchase agreement and the closing of the deal.