Business Asset Purchase Agreement Template for New Zealand

1. Employee Provisions: Required when employees are being transferred to the purchaser, covering transfer terms and obligations

2. Intellectual Property: Required when significant IP assets are being transferred, including assignments and licenses

3. Lease Assignment: Required when business premises are leased and the lease is being assigned

4. Vendor Finance: Required when part of the purchase price is being paid over time or funded by the vendor

5. Third Party Consents: Required when material contracts or licenses require third party consent to transfer

6. Environmental Provisions: Required when the business involves environmental risks or compliance obligations

7. Transition Services: Required when the vendor will provide post-completion assistance or services

8. Stock: Required when trading stock is a significant component of the purchase

1. Schedule 1 - Assets: Detailed list of all assets being purchased, including descriptions and values

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Contracts: List of business contracts being assigned or novated

4. Schedule 4 - Employees: Details of transferring employees including terms and conditions

5. Schedule 5 - Intellectual Property: Details of all IP being transferred including registrations

6. Schedule 6 - Properties: Details of any real property or lease interests being transferred

7. Schedule 7 - Vendor Warranties: Detailed warranties given by the vendor

8. Schedule 8 - Completion Obligations: Detailed list of actions and deliverables required at completion

9. Appendix 1 - Form of Transfer Documents: Templates for specific transfer documents required at completion

10. Appendix 2 - Handover Checklist: Practical checklist for business handover process