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Home Q&A Forum What are common clauses in purchase agreements?

Business Contracts

Purchase Agreement

California

Asked on Oct 30, 2023

What are common clauses in purchase agreements?

I am in the process of purchasing a business, and I am looking for more information on the common clauses in a purchase agreement. I need to understand what is typically included in a purchase agreement so that I can make sure all the necessary terms are included in the document. Additionally, I want to make sure that I am not missing out on any important provisions or language that could be beneficial to me.

1 Attorney answer

Answer

Business Contracts

California

Answered 246 days ago

Sarah S.

ContractsCounsel verified

Business Lawyer
Licensed in California
Free Consultation

The purchase agreement includes essential clauses such as the identification of parties, a detailed description of the property or assets, the specified purchase price, payment terms, closing date, representations and warranties, indemnification provisions, details regarding default and remedies, confidentiality agreements, and termination conditions.

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