Asset Acquisition
/ˈæsɛt ˌækwɪˈzɪʃən/
Definitions
- (n.) The purchase or acquisition of assets, rather than ownership of the entire business entity, often involving tangible and intangible property.
The company pursued an asset acquisition to expand its product line without assuming the target's liabilities.
Related terms
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Commentary
Asset acquisitions are frequently structured to limit liability to specific assets, necessitating careful contract drafting to define included and excluded assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.