Marketing Assets Purchase Agreement
This Marketing Assets Purchase Agreement ("Agreement") is entered into on [Date], by and between [Your Company Name] with its principal place of business at [Your Company Address] herein referred to as the Seller and [Name of the Buyer] with its principal place of business at [Buyer’s Company Address] herein referred to as Buyer. Collectively referred to as the "Parties."
WHEREAS, the Seller is the owner of certain marketing assets, as more fully described in Exhibit A attached hereto (the "Marketing Assets").
WHEREAS, the Buyer desires to purchase the Marketing Assets from the Seller, and the Seller is willing to sell the Marketing Assets to the Buyer, subject to the terms and conditions set forth herein.
NOW, THEREFORE, for and in consideration of the mutual promises contained herein, the Parties agree as follows:
1. PURCHASE AND SALE OF MARKETING ASSETS
a. Description of Marketing Assets. The Marketing Assets to be purchased by the Buyer are detailed in Exhibit A, which is incorporated by reference into this Agreement.
b. Purchase Price. The Buyer agrees to pay the Seller the purchase price of [Purchase Price in Dollars] USD for the Marketing Assets. Payment shall be made as specified in Section 3.
2. CLOSING
a. Closing Date. The closing of the transaction contemplated by this Agreement (the "Closing") shall take place on or before [Closing Date], at a location agreed upon by the Parties.
b. Delivery of Marketing Assets. On the Closing Date, the Seller shall deliver to the Buyer the Marketing Assets in accordance with Exhibit A.
3. PAYMENT
Payment Method. The Buyer shall pay the purchase price to the Seller by [Payment Method], and payment shall be made as follows: [Specify payment terms and schedule].
4. REPRESENTATIONS AND WARRANTIES
a. Seller's Representations and Warranties. The Seller represents and warrants that:
i. The Seller is the sole owner of the Marketing Assets and has full authority to sell them.
ii. The Marketing Assets are free and clear of any liens, encumbrances, or claims.
iii. The Marketing Assets are in good working order and condition.
b. No Other Warranties. Except for the representations and warranties explicitly set forth in this Agreement, the Marketing Assets are sold "as is," and the Seller makes no other warranties, express or implied.
5. INDEMNIFICATION
Seller's Indemnity. The Seller shall indemnify and hold harmless the Buyer against any claims, damages, or losses arising out of a breach of the Seller's representations and warranties.
6. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the [State/Country] without regard to its conflict of law principles.
7. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the Parties regarding the Marketing Assets and supersedes all prior agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the Parties have executed this Marketing Assets Purchase Agreement as of the date first above written.
_____________
[Name of Seller]
[Month Day, Year]
_____________
[Name of Buyer]
[Month Day, Year]
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