Copy of 50-50 Agreement - Saturn - S Ring - Free Template

SELLER COMPANY / FIRST LAST NAME
SELL COMPANY CONTACT INFO (Address, Phone #, Email)
Simple Purchase 50-50

Agreement Template
Prepared for:
[Buyer.FirstName] [Buyer.LastName]
[Buyer.Company]
Created by:
[Seller.FirstName] [Seller.LastName]
[Seller.Company]
This Purchase Agreement ("Agreement") took effect on (Date) (the "Effective Date") by and between
[Seller.FirstName] [Seller.LastName] ("Seller") and [Buyer.FirstName] [Buyer.LastName] ("Buyer").
WHEREAS, the Seller owns certain assets as listed and described in Exhibit A (the "Assets"); and
WHEREAS, the Buyer desires to purchase the Assets from the Seller;
NOW, THEREFORE, by accepting the conditions outlined in this agreement, both parties are aware of the
valuable consideration presented. The mutual covenants and agreements serve as the foundation for the
shared understanding and commitment of both parties:
1. Purchase and Sale of Assets

This Agreement obligates the Seller to sell, transfer, convey, and deliver the product indicated to the
Buyer under the conditions and provisions stated within. The Buyer agrees to purchase and gain from the
Seller all the Assets described in Exhibit A. **(Describe the scope of work and assets in detail to what
the Seller is providing as well as what the Buyer is receiving.)**
Service/Product Quantity Price
2. Purchase Price
The purchase price of the Assets will be (Purchase Price) dollars ($(Purchase Price)), payable as follows:
(a) The Seller will receive 50% of the total purchase price (Amount) dollars ($(Amount)) upon
signing/execution of this Agreement by the Buyer;
(b) The Buyer will pay 50% of the total purchase price (Amount) dollars ($(Amount)) to the Seller upon
signing/execution of this agreement; and
(c) The remaining balance, 50% of the total purchase price (Amount) dollars ($(Amount)) the Buyer is
payable to the Seller within (Number of Days) days after the delivery and approval of the Assets.
3. Closing
The finalization of the sale and purchase of the Assets will occur on (Closing Date) (the "Closing Date").
Upon closing, the Seller will hand over to the Buyer all the assets outlined in Exhibit A. The Buyer delivers
to the Seller the designated purchase price as outlined in Section 2.
4. Representations and Warranties

Seller's Representations and Warranties. The seller pledges and guarantees to the buyer that:
1. The Seller has lawful, full access and ability to create the Assets and is free from any claims,
liens, or other restrictions.
2. The Assets are in acceptable condition, free of any defects, and fit for their designated use;
3. The Seller may assign the Assets to the Buyer.
4. The Seller is not in violation of any agreement, law, or regulation applicable to them by carrying
out and delivering this Agreement.
5. The Seller has received no notice of any pending or threatened litigation, claims, or disputes
concerning the Assets.
Buyer's Representations and Warranties. The Buyer affirms and guarantees to the Seller that:
1. The Buyer holds the authority and capability to enter and implement the Agreement;
2. This Agreement's execution and delivery by the Buyer does not contradict any applicable
agreement, law, or regulation;
3. No one has notified the Buyer of any lawsuits, complaints, or disagreements. These could
prevent it from executing its requirements under this Agreement.
5. Indemnification
Seller's Indemnification. The Seller must shield, safeguard, and hold harmless the Buyer, its
administrators, workers, and agents. This encompasses all losses, damages, liabilities, costs, and
expenses (including reasonable attorneys’ fees) connected with or stemming from:
1. Any violation of the Seller's assurances and guarantees stated in this Agreement;
2. Any claim the Assets infringe any intellectual property rights of any third party; and
3. Any claim arising out of or relating to the Assets, including any product liability or warranty claims.
Buyer's Indemnification. It is the Buyer's duty to recompense, secure, and absolve the Seller, its officers,
directors, employees, and agents from any risk. This will cover any incurred losses, damages, liabilities,
costs, and expenses (including reasonable attorneys' fees). This indemnification covers any violations of
the Buyer's representations and warranties outlined in this Agreement.
6. Governing Law
This Agreement will be subject to the laws of the State of (State). There will be no effect on any choice of
law or conflict of law provisions.
7. Entire Agreement
This Agreement makes up the entire agreement between the parties regarding the subject hereof. This
takes precedence over all other negotiations, agreements, and understandings between the parties.
BUYER FIRST LAST NAME
SELLER FIRST LAST NAME

Copy of 50-50 Agreement - Saturn - S Ring - Free Template

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Copy of 50-50 Agreement - Saturn - S Ring - Free Template

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Copyright:

Available Formats

SELLER COMPANY / FIRST LAST NAME

SELL COMPANY CONTACT INFO (Address, Phone #, Email)

Simple Purchase 50-50

1. Purchase and Sale of Assets

Service/Product Quantity Price

4. Representations and Warranties

BUYER FIRST LAST NAME

SELLER FIRST LAST NAME

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