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LSDefine

Simple English definitions for legal terms

asset purchase

Read a random definition: Vagrant

A quick definition of asset purchase:

Asset Purchase: When someone buys all the things that belong to a company, like its buildings, equipment, and products, instead of buying the company's shares from its owners. This is different from buying shares because the buyer is not becoming an owner of the company, but is just taking over its things.

A more thorough explanation:

Definition: An asset purchase is when a company buys all the assets of another company directly from the company itself, instead of buying shares from its shareholders.

For example, if Company A wants to buy Company B, they can either buy all the shares of Company B from its shareholders (share acquisition) or buy all the assets of Company B directly from the company (asset purchase). In an asset purchase, Company A would own all the physical assets, intellectual property, and contracts of Company B.

Another example of an asset purchase is when a small business owner wants to expand their business by buying the assets of a competitor who is going out of business. The small business owner can buy the competitor's equipment, inventory, and customer list through an asset purchase.

Asset purchases are a common way for companies to acquire the assets they need to grow their business without taking on the liabilities of the company they are acquiring. It allows the acquiring company to pick and choose which assets they want to acquire and leave behind any unwanted liabilities.

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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