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Asset Purchase Agreement Template for Digital Businesses

Asset Purchase Agreement Template for Digital Businesses

This asset purchase agreement template is written for the sale of a digital business such as a website, newsletter, SaaS or app. It covers the key terms, payment through escrow, transfer of assets, the seller’s warranties, non-compete, indemnification and a schedule listing every asset, as a starting point for both parties and their lawyers.

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Format
Docs
Opens in
Word, Google Docs, LibreOffice and Pages
Topic
Digital Asset M&A
Publisher
ProTemplates
Price
Free
Asset purchase agreement key terms

What’s inside

  • Key terms table for price, escrow, transfer period and non-compete
  • Clauses for sale, payment, transfer and seller support
  • Seller and buyer representations
  • Non-compete, indemnification, confidentiality and termination
  • Schedule A of assets and Schedule B of liabilities

How to use it

  1. Fill in the key terms agreed in principle.
  2. List every asset in Schedule A.
  3. Delete clauses that do not apply and agree the escrow process.
  4. Have a qualified lawyer review it before anyone signs.

FAQ

Is this template legally binding as it is?

A signed agreement can be binding, but this template is a starting point. Laws differ by state and country, so have a lawyer review it.

Why use escrow?

Escrow holds the buyer’s money until the assets have moved, which protects both sides from the other not following through.

What belongs in Schedule A?

Everything being sold: domains, code, content, email lists, social accounts, trademarks and contracts. If it is not listed, it is not part of the sale.

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