Sample Asset Sales − Purchase Agreement
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ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT, is made this ____ day of ______________, 2004, by and among RODNEY
DANGERFIELD and RODNEY PRODUCTIONS, INC., a Corporation organized under the laws of the State of California
(hereinafter collectively known as "Seller") and JOE STANDUP (hereinafter known as "Buyer"). Buyer and Seller shall collectively
be known herein as "the Parties".
WHEREAS, Seller desires to sell various assets, known herein as the "Acquired Assets", under the terms and conditions set forth
WHEREAS, Buyer desires to purchase the assets offered for sale by Seller under the terms and conditions set forth below; and
IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by the Parties as set forth herein, the
Parties, intending to be legally bound, hereby agree as follows:
Description of the Assets.
Acquired Assets. As used in this agreement, the term "Acquired Assets" shall mean the assets of the Seller listed
immediately below that are being purchased by Buyer under this agreement:
Rodney's library of jokes
Intellectual property rights to the phrase "I don't get no respect"
Future royalty rights of Rodney from the movie Caddyshack.
Exclusion of other assets of Seller. No assets of Seller other than the Acquired Assets are being purchased by
Buyer pursuant to this agreement and, therefore, under this agreement Buyer acquires no ownership in any assets
of Seller other than those known herein as the Acquired Assets.
Purchase Price. The total purchase price (including the value of any liabilities or debts of Seller assumed by
Buyer under this agreement) to be paid by Buyer to Seller for the Acquired Assets is $100,000 (hereinafter
"Purchase Price"). The Purchase Price consists of a cash payment in the amount of $70,000 to be made on or
before the execution of this agreement and liabilities of Selle