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Asset Purchase Agreement Goodwill
"I need an Asset Purchase Agreement Goodwill under German law for the acquisition of a mid-sized technology consulting firm in Munich, with specific focus on protecting client relationships and including a 3-year non-compete clause for the seller in the DACH region."
1. Parties: Identification of the seller and purchaser with full legal details as required under German law
2. Background: Context of the transaction, description of the business and goodwill being transferred
3. Definitions and Interpretation: Definitions of key terms including 'Goodwill', 'Business Assets', 'Transfer Date', etc.
4. Sale and Purchase of Goodwill: Core transaction terms including specific description of goodwill elements being transferred
5. Purchase Price: Purchase price, payment terms, adjustments, and calculation methodology
6. Completion: Transfer date, completion obligations, and mechanics of transfer
7. Seller's Warranties: Warranties regarding ownership, business relationships, no encumbrances, etc.
8. Purchaser's Warranties: Basic warranties regarding capacity to contract and financial ability
9. Non-Competition and Non-Solicitation: Restrictions on seller's future activities to protect transferred goodwill
10. Confidentiality: Protection of business information and transaction details
11. Data Protection: Compliance with GDSG regarding customer and business data transfer
12. Tax Matters: Tax treatment, allocations, and indemnities
13. Notices: Communication procedures between parties
14. General Provisions: Standard boilerplate including governing law, jurisdiction, etc.
15. Execution: Signature blocks compliant with German law requirements
1. Employee Matters: Required if employees are affected by the transfer or if employment relationships are part of the goodwill
2. Intellectual Property: Required if specific IP rights are part of the goodwill transfer
3. Property Leases: Include if business premises leases are being transferred
4. Transition Services: Include if seller will provide post-completion support or services
5. Bank Guarantees: Include if purchase price includes deferred payments or guarantees
6. Customer Contracts: Required if specific customer contracts need special transfer provisions
7. Environmental Matters: Include if business operations have environmental implications
8. Insurance: Include if specific insurance arrangements need to be transferred or maintained
1. Business Assets Schedule: Detailed list of tangible and intangible assets included in transfer
2. Excluded Assets Schedule: List of assets specifically excluded from the transfer
3. Purchase Price Calculation: Detailed methodology for calculating goodwill value
4. Key Business Relationships: List of important customer, supplier, and business relationships
5. Completion Obligations: Detailed list of actions required at completion
6. Form of Transfer Notices: Templates for notifying customers, suppliers, etc.
7. Employees Schedule: List of relevant employees and their terms (if applicable)
8. Intellectual Property Schedule: Detailed list of IP rights included in transfer (if applicable)
9. Property Schedule: Details of any property interests being transferred (if applicable)
10. Tax Allocation Schedule: Breakdown of tax allocations between parties
Authors
Retail
Professional Services
Manufacturing
Technology
Healthcare
Hospitality
Financial Services
Consumer Goods
Business Services
E-commerce
Distribution
Consulting
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Compliance
Risk Management
Business Development
Strategy
Operations
Human Resources
Information Technology
Chief Executive Officer
Chief Financial Officer
Managing Director
Corporate Lawyer
Legal Counsel
Business Development Manager
Finance Director
Tax Manager
Corporate Development Director
Mergers & Acquisitions Manager
Commercial Director
Business Valuation Specialist
Integration Manager
Risk Manager
Compliance Officer
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