This will express the intention of Name of Buyer (the “Buyer”) to purchase from Name of Seller (the “Seller”) all of the assets used by the Seller in the operation of its Brief Description of Nature of Business being sold (ie. retail store) business carrying on business under the name “Trade Name of Business” (the “Business”) from its location Address of Business being sold (the “Premises”), upon the following terms and conditions:
The assets of the Business being purchased by the Buyer include all of the undertaking, property and assets of the Business as a going concern, of every kind and description and wherever situated, including but not limited to all inventory, supplies, equipment, fixtures, leasehold improvements, and goodwill, but specifically excluding cash and accounts receivable (collectively the “Purchased Assets”). The Buyer will not be assuming any liabilities or obligations of the Seller of any nature whatsoever.
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