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Review Asset Purchase Agreement in Delaware for Media Production Business (2022)

How much does it cost to review a Asset Purchase Agreement in Delaware? Below are summary details about a user that needed to review an Asset Purchase Agreement in Delaware for Media Production Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 2 bids to review the Asset Purchase Agreement at a pricing range of $999 - $2,000 on a flat fee. The data includes project specifications and Asset Purchase Agreement pricing. To review more pricing data, visit Asset Purchase Agreement pricing.
Service type
Review
Document type
Asset Purchase Agreement
Location
Delaware
Client type
Business
Client industry
Entertainment
Deadline
Over a week
Pricing Range
$999 - $2,000 (Flat fee)
Number of Bids
2 bids
Pages
8 pages

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Lawyers that Bid on this Asset Purchase Agreement Project

Corporate and Commercial Lawyer

(120)

8 years practicing

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Asset Purchase Agreement
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$300/h

Founder, lex[array], p.c.

(17)

34 years practicing

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Asset Purchase Agreement
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$500/h

Other Lawyers that Help with Asset Purchase Agreement Projects

Attorney and Founder at Danielle D. Giovannone Law Office

(3)

17 years practicing

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Asset Purchase Agreement
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$320/h

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(18)

43 years practicing

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Asset Purchase Agreement
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$250/h

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(1)

21 years practicing

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Asset Purchase Agreement
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$350/h

Business & Immigration Attorney

(7)

1 year practicing

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Asset Purchase Agreement
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$250/h

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Forum Questions About Asset Purchase Agreement

Asset Purchase Agreement

Texas

Asked on Mar 3, 2021

Can you explain the key provisions and potential risks involved in an Asset Purchase Agreement?

I am currently in the process of acquiring a business and have been presented with an Asset Purchase Agreement (APA) by the seller. While I have a general understanding of what an APA entails, I would like a lawyer's expertise to explain the key provisions of this agreement and any potential risks that I should be aware of before proceeding. Specifically, I am concerned about the transfer of liabilities, intellectual property rights, and any undisclosed liabilities that may arise after the acquisition. I want to ensure that I am fully informed and protected before finalizing the purchase.

Darryl S.

Answered Mar 3, 2021

An Asset Purchase Agreement (APA) is a legal contract used in business acquisitions where a buyer purchases specific assets of a company rather than acquiring the entire business entity. Here are some of the key provisions and potential risks involved: Key Provisions: 1. Identification of assets: Clearly defines which assets are being purchased and which are excluded. 2. Purchase price: Specifies the total amount and payment terms. 3. Liabilities: Outlines which liabilities, if any, the buyer will assume. 4. Representations and warranties: Statements made by the seller about the condition and status of the assets. 5. Conditions precedent: Events or actions that must occur before the deal closes. 6. Covenants: Agreements on how parties will behave before and after closing. 7. Indemnification: Protections for the buyer if the seller's representations prove false. 8. Closing mechanics: Details on how and when the transaction will be completed. 9. Transition services: Any support the seller will provide post-closing. 10. Non-compete clauses: Restrictions on the seller's future business activities. Potential Risks: 1. Incomplete due diligence: Buyer may miss critical issues with the assets. 2. Undisclosed liabilities: Buyer might inadvertently assume unexpected debts or obligations. 3. Environmental liabilities: Hidden contamination or compliance issues. 4. Contractual obligations: Existing contracts may not be transferable or may have unfavorable terms. There are many other risks - so this list is far from comprehensive.

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Asset Purchase Agreement

California

Asked on Mar 3, 2021

How are employee benefits managed in an asset purchase agreement?

I am a business owner who is looking to purchase a company. This company has many employees, and I want to make sure I am making a well-informed decision about how employee benefits will be managed in the asset purchase agreement. I am looking for advice on the best way to protect both the interests of my business and the interests of the employees in this agreement.

Sarah S.

Answered Mar 3, 2021

In an asset purchase agreement (APA), careful consideration is given to managing employee benefits. The agreement outlines whether the buyer assumes responsibility for continuing specific benefits post-closing, addresses accrued employee benefits, and establishes a clear process for notifying employees of changes. Legal compliance with employment laws, due diligence on existing benefit plans, and provisions for the transfer of benefits are crucial. The APA also covers communication strategies, severance agreements, and adjustments to employee handbooks, ensuring a comprehensive approach to employee benefit management during the transition.

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