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# Fixed Asset Purchase Agreement
**This Fixed Asset Purchase Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**Seller:**
[Seller's Name]
[Seller's Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
**Buyer:**
[Buyer's Name]
[Buyer's Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
**RECITALS**
WHEREAS, Seller is the lawful owner of certain fixed assets described herein;
WHEREAS, Buyer desires to purchase said fixed assets from Seller;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereby agree as follows:
## 1. DESCRIPTION OF ASSETS
The fixed assets to be sold under this Agreement include the following:
- Asset 1: [Description of Asset 1, including details like make, model, year, serial number, etc.]
- Asset 2: [Description of Asset 2, including details like make, model, year, serial number, etc.]
- [Additional assets as necessary]
## 2. PURCHASE PRICE
The total purchase price for the assets described above shall be $[Total Amount], payable as follows:
- An initial deposit of $[Deposit Amount] shall be made by Buyer to Seller upon execution of this Agreement.
- The remaining balance of $[Remaining Amount] shall be paid on or before the closing date.
## 3. CLOSING DATE
The closing of the purchase and sale of the fixed assets shall occur on or before [Closing Date] at a time and location mutually agreed upon by both parties.
## 4. REPRESENTATIONS AND WARRANTIES OF SELLER
Seller represents and warrants the following:
- Seller is the sole owner of the assets and has full authority to sell them.
- The assets are free and clear of any liens, encumbrances, or claims.
- The assets are in good condition and functional, with no known defects.
## 5. CONDITIONS PRECEDENT
The obligation of Buyer to close the transaction is subject to the satisfaction of the following conditions:
- Buyer’s satisfactory review of any relevant financial or legal documents related to the assets.
- No material adverse changes in the condition of the assets from the date of this Agreement to the closing date.
## 6. INDEMNIFICATION
Each party agrees to indemnify and hold the other harmless from any claims, liabilities, or damages arising from any breach of this Agreement or from the representations and warranties made herein.
## 7. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 8. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, representations, and understandings, whether written or oral.
## 9. AMENDMENTS
This Agreement may be amended or modified only by a written agreement signed by both parties.
## 10. SEVERABILITY
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
## IN WITNESS WHEREOF
The parties have executed this Fixed Asset Purchase Agreement as of the date first above written.
**Seller:**
_____________________________
[Signature]
[Printed Name]
[Title, if applicable]
[Date]
**Buyer:**
_____________________________
[Signature]
[Printed Name]
[Title, if applicable]
[Date]
```
This contract template serves as a guideline and should be modified to fit your specific situation. It is advisable to consult a legal professional to ensure compliance with local laws and specific requirements.