Business Contracts
Business Purchase Agreement
North Carolina
Are digital assets covered in a business purchase agreement?
I am in the process of purchasing an online business and I am trying to understand what is included in the business purchase agreement. I am particularly interested in understanding whether digital assets such as website domains, content, and software licenses are covered in the agreement. I am hoping to get a better understanding of what is included in the agreement so I can ensure that all assets of the business are protected.
1 Attorney answer
Answer
Business Contracts
North Carolina
N'kia N.
ContractsCounsel verified
A North Carolina business purchase agreement will typically identify the assets of the business being purchased. This includes the business' intellectual property, proprietary interests, and digital assets. However, a buyer should not enter into a business purchase agreement if the terms of the agreement are not clear, including terms related to the assets are included in and/or excluded from the deal. For assistance with navigating a North Carolina business purchase agreement, you might contact a North Carolina corporate attorney. Good luck!
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