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Acquisitions

Asset Purchase Agreement

Texas

Asked on Mar 30, 2021

Who drafts the asset purchase agreement?

I have just put my business up for sale and doing some research on what legal documents will be needed in the future.

1 Attorney answer

Answer

Acquisitions

Texas

Answered 245 days ago

Ramsey T.

ContractsCounsel verified

Business Lawyer
Licensed in New York
Free Consultation

It depends. In many cases the lawyers representing the seller draft the asset purchase agreement. This is not always the case and at least forty percent (40%) of the deals I have worked on have featured the buyer drafting the asset purchase agreement. Who drafts the agreement may often depend upon who is in a stronger position and/or who has attorneys with the bandwidth to properly support the deal, as envisioned in the relevant term sheet.

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