Purchase of used plant or other physical assets
This is comprehensive document suitable for the sale of used physical assets to another business, home or export, with very limited warranties. This agreement also covers the matters relating to delivery or transport. The assets could be absolutely anything. It is also perfect for use in a group of companies to distribute profit or where a subsidiary is merging with its holding company.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this agreement
This is a comprehensive and flexible agreement for buying or selling any physical assets whether new or used. The type of asset does not matter. This agreement is for disposal / dispersal / fire sale, with very limited warranties but help for buyer with transport arrangements. It can be used for any goods at all, but drawn particularly for bulk deals, home or abroad.
This agreement can be used by a buyer or a seller where the counter party may be any person, business or other organisation in any country.
Whatever the asset or parties, this agreement provides the protection to both sides with a set of fair terms. You can edit easily to suit your specific deal.
This document is suitable for a deal where the seller wants no "post sale risk". The buyer gets what he sees with only enough help from the seller to enable him to acquire the assets.
By and large, you can set the terms you want. Our guidance notes will tell you what you can change safely, and what we don't advise changing.
When to use this document?
Examples of use might be:
- A sole trader sells spare equipment to another sole trader or business through a one deal.
- A business selling used plant to another business after it has get at the end of a long term lease.
Examples of the type of asset that could be sold using this document include:
- a crane
- office furniture
- a ship load of cars
- redundant construction equipment
Important to this agreement is that the assets transferred are substantial. If you are dealing with smaller assets, or intangibles like a customer list or other intellectual property, then use: Purchase of business assets.
Features of this agreement
This agreement is extremely comprehensive and written in plain English. It has been drawn for maximum flexibility and ease of use.
Key features are:
- one step completion - buyer makes payment, take over possession. Sale completed!
- is not specific to any particular industry.
- includes the most basic warranties as in any sale agreement.
- provides options for payment
- allow you to construct commercial terms to suit your exact business needs.
Alternatives to this document
Depending upon the nature of business your sale transaction may vary. You might consider the alternative versions, already tailored to the most common business uses at:
This document was written by a solicitor for Net Lawman. It complies with current Indian law.
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