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Asset Purchase Agreement Goodwill Template for Germany

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Key Requirements PROMPT example:

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."

Document background
The Asset Purchase Agreement Goodwill is a specialized commercial contract used when a business entity wishes to acquire the intangible assets and goodwill of another business under German law. This document is particularly relevant in scenarios where the primary value of the acquisition lies in customer relationships, business reputation, brand value, and other intangible assets rather than physical assets. The agreement must comply with German legal requirements, including the Bürgerliches Gesetzbuch (BGB) and Handelsgesetzbuch (HGB), while addressing specific aspects of goodwill transfer such as customer notification, employee transitions, data protection, and non-competition provisions. It's commonly used in business acquisitions, succession planning, or strategic expansion scenarios where maintaining business relationships and reputation is crucial to the transaction's success.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























































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Relevant Industries

Retail

Professional Services

Manufacturing

Technology

Healthcare

Hospitality

Financial Services

Consumer Goods

Business Services

E-commerce

Distribution

Consulting

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Risk Management

Business Development

Strategy

Operations

Human Resources

Information Technology

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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