Business Asset Sale Agreement Template for New Zealand

1. Employee Provisions: Required when employees are being transferred as part of the sale

2. Restraint of Trade: Include when the vendor needs to be restrained from competing

3. Intellectual Property Assignment: Detailed IP transfer provisions when significant IP assets are involved

4. Property Lease Assignment: Required when leased premises are being transferred

5. Earn-out Provisions: Include when part of the purchase price is based on future performance

6. Third Party Consents: Required when material contracts need third party consent for assignment

7. Environmental Indemnities: Include for businesses with potential environmental liabilities

8. Stock Adjustment: Required when stock value needs to be adjusted at completion

9. Vendor Finance: Include when the vendor is providing financing for the purchase

10. Transitional Services: Required when the vendor will provide services post-completion

1. Asset Schedule: Detailed list of all assets being sold

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

3. Purchase Price Allocation: Breakdown of purchase price across asset categories

4. Vendor Warranties: Detailed warranties about the business and assets

5. Employees: List of employees and their key employment terms

6. Material Contracts: List of key contracts being assigned

7. Intellectual Property: Schedule of IP assets being transferred

8. Plant and Equipment: Detailed list of plant and equipment included

9. Properties: Details of any real property interests being transferred

10. Completion Checklist: List of actions and deliverables required at completion