Question 1

What is an Assets Purchase Agreement?

Accepted Answer

An Assets Purchase Agreement is a legal contract used when a buyer acquires specific assets from a seller, rather than purchasing the entire business or shares. This allows targeted acquisition of any assets—from equipment and vehicles to intellectual property, real property, customer lists, goodwill, or other valuable assets—while leaving unwanted liabilities with the seller.

Question 2

How does this differ from buying a business?

Accepted Answer

When you buy shares or a business as a going concern, you acquire everything—including potential hidden liabilities. An assets purchase allows you to cherry-pick specific assets (whether business-related or not) while the seller retains the legal entity and any associated liabilities. This provides greater control and potentially lower risk for the buyer.

Question 3

What assets can be included?

Accepted Answer

Any assets can be included in the agreement, such as: equipment and machinery, vehicles, real property, inventory and stock, intellectual property (trademarks, patents, copyrights), customer lists and contracts, goodwill, trade names, websites and domains, and any other tangible or intangible assets.

Question 4

How long does delivery take?

Accepted Answer

Standard delivery is 3 business days from when we receive your completed questionnaire. If you need your Assets Purchase Agreement sooner, we offer an Express Delivery option which guarantees delivery within 1 business day. You can select Express Delivery as an add-on during checkout.

Question 5

What if I need changes to my agreement?

Accepted Answer

Your order includes 2 rounds of revisions at no additional cost, which must be requested within 1 week of receiving your draft. This ensures you have ample opportunity to review the document and request any adjustments. Additional revision rounds beyond this can be arranged at a nominal fee.

Question 6

Who will draft my agreement?

Accepted Answer

Your Assets Purchase Agreement will be prepared by a qualified South African attorney with a minimum of 12 years of post-qualification experience in commercial transactions. Our attorney has extensive experience in asset purchases of all types, ensuring your document is both legally sound and tailored to your specific needs.

Question 7

What information will I need to provide?

Accepted Answer

After purchase, you'll receive a detailed questionnaire asking about buyer and seller details, the specific assets being purchased, purchase price and payment terms, warranties and representations, completion conditions, employee transfer arrangements (if applicable), and any restrictive covenants.

Question 8

Will my agreement comply with South African law?

Accepted Answer

Yes. Your Assets Purchase Agreement will be drafted to comply with relevant South African legislation including the Companies Act, Consumer Protection Act (where applicable), and common law principles. Our attorney ensures all clauses are legally enforceable under South African law.

Custom Assets Purchase
Agreement

Agreement Details

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Why This Agreement Works

Clear Asset Identification

Buyer & Seller Protection

Smooth Transfer

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Amendments Included

SA Law Compliant

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Custom Assets PurchaseAgreement