Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Asset Purchase Term Sheet
"I need an Asset Purchase Term Sheet for acquiring manufacturing equipment and associated IP rights from a Mumbai-based company, with completion targeted for March 2025 and including provision for transition services for 6 months post-completion."
1. Parties: Identification of the seller(s) and buyer(s), including full legal names and addresses
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Key terms used throughout the term sheet
4. Transaction Overview: High-level description of the proposed transaction structure
5. Assets: Description of the assets to be purchased, including any excluded assets
6. Purchase Price: Proposed consideration and payment terms, including any adjustments or earn-outs
7. Payment Terms: Structure and timing of payments, including any deposits or escrow arrangements
8. Key Conditions Precedent: Essential conditions that must be satisfied before closing
9. Due Diligence: Scope and process for buyer's investigation of the assets
10. Timeline: Proposed schedule for key milestones including due diligence, definitive agreements, and closing
11. Binding Provisions: Specific terms that are intended to be legally binding
12. Non-Binding Nature: Clear statement that the term sheet is non-binding except for specified provisions
13. Governing Law: Applicable law and jurisdiction
14. Expiration: Validity period of the term sheet
1. Employee Matters: Terms related to employees associated with the assets, used when the transaction involves transfer of employees
2. Regulatory Approvals: List of required regulatory clearances, included when the transaction requires specific regulatory permissions
3. Environmental Matters: Special provisions for environmental liabilities and compliance, relevant for industrial assets
4. Intellectual Property: Specific terms for IP transfer and protection, needed when IP assets are involved
5. Tax Structure: Proposed tax treatment and allocation of tax liabilities, included for complex transactions with significant tax implications
6. Transition Services: Framework for post-closing support services, needed when seller's continued support is required
7. Break-up Fee: Terms for compensation if the transaction fails under specific circumstances, used in high-value transactions
8. Financing Contingency: Conditions related to buyer's financing, included when purchase is subject to financing
9. Non-Compete: Restrictions on seller's competitive activities, relevant when protecting business value
1. Asset Schedule: Detailed list and description of assets included in the transaction
2. Excluded Assets Schedule: List of specific assets excluded from the transaction
3. Price Adjustment Mechanism: Detailed methodology for any purchase price adjustments
4. Key Contracts Schedule: List of material contracts associated with the assets
5. Required Consents: List of third-party and regulatory approvals required
6. Permitted Encumbrances: List of accepted liens or encumbrances on the assets
7. Due Diligence Checklist: Preliminary list of required due diligence items
8. Transaction Timeline: Detailed schedule of key dates and milestones
Authors
Manufacturing
Real Estate
Information Technology
Healthcare
Energy
Infrastructure
Retail
Hospitality
Automotive
Agriculture
Mining
Telecommunications
Financial Services
Pharmaceuticals
Education
Legal
Finance
Corporate Development
Mergers & Acquisitions
Strategy
Operations
Risk Management
Compliance
Tax
Business Development
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Development Manager
Corporate Lawyer
Legal Counsel
Investment Banker
Private Equity Manager
Mergers & Acquisitions Director
Asset Manager
Finance Director
Strategy Director
Commercial Director
Operations Director
Risk Manager
Compliance Officer
Transaction Advisory Partner
Find the exact document you need
Forward Purchase Agreement (Real Estate)
An Indian law-governed agreement for the future purchase of real estate, typically used for under-construction properties, incorporating RERA compliance and statutory requirements.
Discount Agreement
An Indian law-governed agreement establishing terms and conditions for commercial discount arrangements, including rates, criteria, and implementation procedures.
Property Purchase Contract
An Indian law-governed agreement facilitating property ownership transfer between seller and purchaser, outlining sale terms and ensuring legal compliance.
Investment Agreement Between Individual And Individual
A legally binding agreement under Indian law that structures and governs investment arrangements between two individuals, defining investment terms, rights, and obligations.
Securities Purchase Agreement
An Indian law-governed agreement detailing terms and conditions for securities purchase and sale, ensuring regulatory compliance and protecting transacting parties' interests.
Property Purchase Form
An Indian legal document facilitating property ownership transfer, compliant with the Transfer of Property Act and state regulations.
Equipment Purchase Contract
A comprehensive agreement for equipment purchase and sale under Indian law, detailing specifications, pricing, delivery, and warranty terms.
Buyback Agreement
An Indian law-governed agreement detailing terms and conditions for a company's repurchase of its own shares from shareholders, ensuring regulatory compliance.
Vehicle Hire Purchase Agreement
An Indian law-governed agreement establishing terms for vehicle acquisition through hire purchase, with ownership transferring to the hirer upon completion of scheduled payments.
Contingent Purchase Agreement
An Indian law-governed agreement for conditional purchase transactions, specifying contingencies that must be met before purchase completion.
Advance Agreement For Land Purchase
A preliminary land purchase agreement under Indian law involving advance payment and purchase commitments between parties.
Probate Purchase Agreement
An Indian law-governed agreement for the transfer of probate rights from an estate's executor/administrator to a purchaser.
Letter Of Sales Agreement
A formal letter agreement governed by Indian law that outlines the terms and conditions of a sale between two parties.
Buying Agency Agreement
An Indian law-governed agreement appointing a buying agent to conduct procurement activities on behalf of a principal company, outlining duties, commission structures, and operational procedures.
Buy Tenancy Agreement
An Indian law-governed agreement combining property sale and tenancy terms, where the buyer becomes the landlord and the seller becomes the tenant.
Purchase With Reservation Agreement
An Indian law-compliant agreement for property purchase where the seller retains specific rights or conditions during or after the transfer.
Contract Between Supplier And Buyer
An Indian law-governed agreement establishing terms and conditions between a supplier and buyer for the sale and purchase of goods or services.
Buy In Agreement
An Indian law-governed agreement documenting the terms and conditions for an investor or entity to acquire partial ownership in an existing business.
Vehicle Purchase Agreement With Down Payment
An Indian law-governed agreement detailing the terms and conditions for vehicle purchase with structured down payment, including ownership transfer and warranty terms.
Lot Purchase Agreement
An Indian law-governed agreement for the sale and purchase of land parcels, detailing terms, conditions, and obligations of the property transfer.
High Purchase Agreement Form
An Indian law-compliant agreement enabling purchase of goods through installment payments with eventual transfer of ownership from financier to hirer.
Gold Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for gold purchase transactions, including regulatory compliance and quality assurance requirements.
Token Purchase Agreement
An Indian law-governed agreement establishing terms for digital token purchase and sale, addressing regulatory compliance and transaction mechanics.
Employee Laptop Purchase Agreement
An Indian law-governed agreement facilitating employee laptop purchase through company-arranged terms and installment payments.
Apartment Sale And Purchase Agreement
An Indian law-compliant agreement for the sale and purchase of apartment property, detailing transaction terms and ensuring RERA compliance.
Quota Purchase Agreement
An Indian law-governed agreement for the transfer of quota rights between parties, specifying terms, conditions, and regulatory compliance requirements.
General Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for regular commercial purchases between businesses, ensuring compliance with Indian contract and commercial laws.
Buy Sale Agreement Form
An Indian law-compliant agreement documenting the terms and conditions for the sale and purchase of property or goods between parties.
Outright Purchase Agreement
An Indian law-governed agreement for the complete transfer of ownership of goods, property, or assets from seller to buyer for a fixed consideration.
Bond Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for the sale and purchase of bonds, ensuring compliance with SEBI regulations and Indian securities laws.
Future Purchase Agreement
An Indian law-governed agreement establishing terms for future purchases of goods or materials, including pricing, delivery, and quality specifications.
Entity Purchase Agreement
A comprehensive agreement under Indian law governing the sale and purchase of a business entity or significant stake, incorporating all material transaction terms and regulatory compliance requirements.
Retail Purchase Agreement
An Indian law-governed agreement between retailer and customer for the sale and purchase of retail goods, ensuring consumer protection and contractual clarity.
Hardware Purchase Agreement
An Indian law-governed agreement establishing terms for hardware equipment purchase, including specifications, pricing, warranties, and regulatory compliance.
Furniture Purchase Agreement
An Indian law-governed agreement establishing terms for furniture purchase, including specifications, pricing, delivery, and warranty provisions.
Direct Purchase Agreement
An Indian law-governed agreement setting out terms and conditions for direct purchase of goods between buyer and seller.
Company Purchase Agreement
An Indian law-governed agreement detailing the terms and conditions for purchasing a company, including transaction structure, price, and regulatory compliance requirements.
Material Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for material procurement, including specifications, pricing, delivery, and quality requirements.
Heat Purchase Agreement
An Indian law-governed agreement establishing terms for thermal energy supply and purchase between generator and end-user.
International Purchase Agreement
An Indian law-governed agreement establishing terms for international procurement, including delivery, payment, and compliance requirements.
License Purchase Agreement
An Indian law-governed agreement establishing terms for licensed product purchase and usage, including rights, restrictions, and obligations of licensor and licensee.
Shares Purchase Agreement
An Indian law-governed agreement facilitating the sale and transfer of company shares, detailing transaction terms and regulatory compliance requirements.
Deferred Purchase Agreement
An Indian law-governed agreement establishing terms for asset purchase with deferred payment arrangements, including security and payment structures.
Contract For Purchase Of Goods
An Indian law-governed agreement setting out terms for the purchase and sale of goods, including specifications, pricing, delivery, and warranties.
Bulk Purchase Agreement
An Indian law-governed agreement establishing terms for large-volume procurement of goods, including pricing, delivery, and quality parameters.
Service Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for service procurement between a provider and recipient, including service scope, payments, and performance requirements.
Reverse Purchase Agreement
An Indian law-governed agreement establishing terms for the sale of goods with a commitment for future repurchase by the original seller.
Exclusive Purchase Agreement
An Indian law-governed agreement establishing exclusive purchase rights between a buyer and seller, defining terms for sole-source procurement arrangements.
Advance Purchase Agreement
An Indian law-governed agreement setting out terms for advance payment and future delivery of goods, including payment security and delivery obligations.
Purchase Agreement Contract
An Indian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties, including pricing, delivery, and warranties.
Contract Purchase Agreement
An Indian law-governed agreement establishing terms and conditions for purchase transactions between buyer and seller, ensuring legal compliance and mutual protection of interests.
Asset Purchase Term Sheet
An Indian law-governed preliminary document outlining key terms and conditions for a proposed asset purchase, serving as the basis for definitive transaction agreements.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.