Asset purchase agreement

Effective date: [date]
Closing date: [date]

Seller: [full name or company name], email: [email]
Buyer: [full name or company name], email: [email]
Business: [business name], primary domain: [domain]

1. Sale
The seller sells to the buyer, and the buyer buys, the assets listed in section 2 (the "Assets"), free of any lien or third-party right.

2. Assets
[ ] Domain and DNS
[ ] Code repository
[ ] Database and customer data
[ ] Payment gateway account or transfer of subscriptions
[ ] Hosting and infrastructure
[ ] Brand assets
[ ] Social accounts
[ ] Email lists
[ ] Other: [description]

3. Price and payment
Purchase price: [amount] [currency], paid by the buyer in one payment [at closing / through an escrow account agreed by both parties].

4. Transfer
The seller transfers the Assets within [number] days of receiving payment and provides the logins, documents and reasonable help needed to complete the transfer.

5. Seller representations
The seller confirms that:
- it is the sole owner of the Assets and has the right to sell them;
- the revenue data provided is accurate and matches the payment gateway;
- there are no pending disputes or claims about the Assets, except as disclosed in writing;
- customer data was collected and is transferred in line with applicable law, including personal data protection law where it applies.

6. Post-sale support
The seller gives the buyer reasonable support for [number] days after closing to answer questions about running the Assets.

7. Non-compete
For [number] months after closing, the seller will not launch or run a product that competes directly with the Assets.

8. Confidentiality
Both parties keep the terms of this agreement confidential, except what they agree to announce.

9. Governing law
This agreement is governed by the laws of [country], and any dispute is heard by [competent court].

Signatures

Seller: ____________________   Date: __________
Buyer: ____________________   Date: __________

Note: this is a general template from Safi for guidance only and is not legal advice. Review it with a lawyer before signing.