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Assumed Liabilities Asset Purchase Agreement
"I need an Assumed Liabilities Asset Purchase Agreement for the purchase of a manufacturing business in Auckland, where we're acquiring all plant and equipment assets valued at NZD 5 million and assuming specific employee and supplier liabilities, with completion planned for March 2025."
1. Parties: Identifies and defines the Seller and Buyer with full legal names and addresses
2. Background: Sets out the context of the transaction, including brief description of the business and assets, and intention to transfer
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Sale and Purchase: Core provision establishing the sale of assets and assumption of liabilities
5. Purchase Price: Specifies the purchase price, payment terms, and any adjustments
6. Assumed Liabilities: Detailed description of which liabilities are being assumed by the buyer
7. Excluded Liabilities: Clear specification of liabilities that remain with the seller
8. Conditions Precedent: Conditions that must be satisfied before completion occurs
9. Pre-Completion Obligations: Obligations of both parties between signing and completion
10. Completion: Details of the completion process, timing, and deliverables
11. Seller's Warranties: Warranties given by the seller regarding the assets and liabilities
12. Buyer's Warranties: Warranties given by the buyer, including capacity to complete the purchase
13. Indemnities: Indemnifications provided by each party
14. Post-Completion Obligations: Ongoing obligations after completion, including transition arrangements
15. Confidentiality: Provisions regarding confidential information and announcements
16. Dispute Resolution: Process for resolving disputes between the parties
17. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
18. Execution: Formal execution provisions and signing blocks
1. GST: Required when the transaction involves GST-registered parties or GST-applicable assets
2. Employee Matters: Required when employees are being transferred as part of the transaction
3. Intellectual Property: Required when significant IP assets are included in the purchase
4. Property Lease Assignment: Required when leased premises are part of the transferred assets
5. Environmental Matters: Required when the assets include land or operations with environmental implications
6. Competition Law Compliance: Required when the transaction size requires competition law consideration
7. Third Party Consents: Required when material contracts or licenses require third party approval for transfer
8. Earn-out Provisions: Required when part of the purchase price is contingent on future performance
1. Schedule 1 - Assets: Detailed list and description of all assets being transferred
2. Schedule 2 - Assumed Liabilities: Detailed list and description of all liabilities being assumed
3. Schedule 3 - Excluded Assets: List of assets explicitly excluded from the transfer
4. Schedule 4 - Excluded Liabilities: List of liabilities explicitly excluded from assumption
5. Schedule 5 - Contracts: List of contracts being transferred or requiring assignment
6. Schedule 6 - Intellectual Property: Details of all IP rights being transferred
7. Schedule 7 - Properties: Details of any real property or lease interests being transferred
8. Schedule 8 - Employees: List of employees and their key employment terms
9. Schedule 9 - Completion Deliverables: List of all documents and items to be delivered at completion
10. Schedule 10 - Warranties: Detailed warranties given by the seller
11. Appendix A - Form of Transfer Documents: Pro forma transfer documents required for completion
12. Appendix B - Disclosure Letter: Seller's disclosures against the warranties
Authors
Assumed Liabilities
Assets
Business
Business Day
Completion
Completion Date
Condition Precedent
Confidential Information
Contracts
Disclosure Letter
Effective Date
Employees
Encumbrance
Excluded Assets
Excluded Liabilities
GST
Governmental Authority
Intellectual Property Rights
Inventory
Lease
Liabilities
Loss
Material Adverse Change
Material Contracts
Parties
Permitted Encumbrances
Purchase Price
Records
Related Company
Representatives
Seller's Group
Seller's Knowledge
Tangible Assets
Tax
Third Party Claim
Transaction
Transaction Documents
Transfer
Warranties
Working Capital
Working Capital Adjustment
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Assumed Liabilities
Excluded Liabilities
Conditions Precedent
Due Diligence
Pre-Completion Obligations
Completion
Post-Completion Obligations
Assets Transfer
Employees
Intellectual Property
Property
Contracts Assignment
Warranties
Indemnities
Tax
GST
Confidentiality
Non-Competition
Non-Solicitation
Further Assurance
Assignment
Force Majeure
Notices
Costs
Severability
Entire Agreement
Variation
Waiver
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
Electronic Execution
Manufacturing
Retail
Technology
Professional Services
Healthcare
Construction
Agriculture
Hospitality
Transportation
Real Estate
Mining
Energy
Education
Financial Services
Telecommunications
Legal
Finance
Corporate Development
Mergers & Acquisitions
Risk & Compliance
Operations
Strategy
Tax
Treasury
Commercial
Due Diligence
Corporate Secretariat
Chief Executive Officer
Chief Financial Officer
General Counsel
Commercial Director
Managing Director
Corporate Lawyer
Finance Director
Business Development Manager
Company Secretary
Risk Manager
Compliance Officer
Operations Director
Asset Manager
Due Diligence Manager
Transaction Manager
Legal Counsel
Financial Controller
Corporate Development Manager
Find the exact document you need
Assumed Liabilities Asset Purchase Agreement
A New Zealand law-governed agreement for the purchase of business assets with assumption of specified liabilities by the buyer.
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A New Zealand-governed agreement documenting the exchange of assets for company shares, including transfer terms, warranties, and completion requirements.
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