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An asset purchase agreement (APA) is an agreement between a buyer and a seller that finalizes terms and conditions related to the purchase and sale of a company's assets. [1] [2] It is important to note in an APA transaction, it is not necessary for the buyer to purchase all of the assets of the company. In fact, it is common for a buyer to ...
The Howard Johnson Company bought the assets of a restaurant and motor lodge from the Grissoms family that had been running the lodge on its behalf as a franchise. The Grissoms retained the real property and leased it to Howard, and Howard expressly did not assume any of the Grissoms' obligations, including those under a collective agreement.
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
When an agreement to purchase Burger King by a group led by TPG Capital was initially reached in 2002, franchises celebrated the severance of Burger King from Diageo. [58] However, the relationship quickly soured after the 2004 purchase was completed, with the TPG-led management group immediately voicing concerns over the relationship between ...
planned - an agreement on a specific item at an approximate date; blanket - an agreement on specific terms and conditions: date and quantity and amount are not specified. Purchase orders are normally accompanied by terms and conditions which form the contractual agreement of the transaction. The supplier then delivers the products or service ...
Restaurant employees of an unknown eatery were told to sign an agreement with unreasonable demands: Not sure where to post. My cousins job just asked her to sign this and fired an employee who ...