ASSET PURCHASE AGREEMENT
Date: 2026-10-26
Seller: [SELLER NAME] ([seller email])
Buyer: [BUYER NAME] ([buyer email])
Asset: "[STARTUP NAME]" (the "Business")

1. Sale. Seller sells and Buyer buys all of Seller's rights in the Business, including: the domain(s), all source code and repositories, hosting and infrastructure accounts, payment-provider accounts or the right to migrate their customers, customer and user data, brand name, logos, content, and social accounts.
2. Price. [PRICE].00, paid through Escrow.com. Escrow fees split equally.
3. Closing. Seller transfers each item in the handover checklist on NextFounder. Buyer has 3 days after the last item to confirm each one works. When Buyer confirms (or the inspection period ends without a written objection), escrow releases the funds to Seller.
4. Seller's promises. Seller is the sole owner of the Business and everything in section 1; nothing in it is pledged, licensed exclusively, or subject to a claim by anyone else; Seller has not sold, agreed to sell, or granted an option on it to anyone else, on this or any other platform; the revenue, customer and traffic figures given to Buyer are true to Seller's knowledge; the code does not knowingly contain stolen or GPL-incompatible material beyond what is disclosed; Seller will not compete with the Business for 24 months.
5. Buyer's promises. Buyer has the funds and authority to buy; Buyer takes on the customer relationships and will honour existing paid subscriptions.
6. Transition. Seller provides 2 weeks of reasonable handover help by email and up to two calls.
7. Indemnity. Each party will make the other whole for losses caused by a breach of its promises above, capped at the price, except for fraud, which is uncapped.
8. Taxes. Each party handles its own taxes. The price is exclusive of any VAT/GST that may apply between the parties.
9. Governing law. The parties will write in a governing law and venue before signing.
10. Entire agreement. This document, the handover checklist, and the listing as it stood on the date above are the whole agreement and replace the Letter of Intent.

Signed electronically on NextFounder, each signature recorded with name, time and IP address. These templates are provided by NextFounder free of charge for convenience. They are not legal advice and NextFounder (a for-profit company) is not a party to this agreement. For a sale above a few thousand dollars, have a lawyer read it. Governing law and venue are whatever the two of you write in.