[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-178053-105":53,"doc-detail-178053-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","purchase-of-assets-term-sheet-version-2017-1b","Purchase of Assets Term Sheet - Version 2017-1b","","This term sheet outlines the proposed non-binding and binding framework for a purchase of assets between a Buyer and a Seller, including timeline commitments for diligence and closing. It specifies offered terms such as purchase price structure, down payment at closing, promissory note terms, payment frequency, and potential earn-out provisions. It also describes parties’ obligations related to client accounts, transition support, non-compete and non-solicitation, and tax allocation, while clarifying that final terms will be documented in formal purchase agreements and addenda.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/purchase-of-assets-term-sheet-version-2017-1b/178053/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/purchase-of-assets-term-sheet-version-2017-1b/178053.png","ImageObject",442,249,{"name":88,"@type":89},"Rhys","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-23","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does the term sheet cover for the asset purchase transaction?","Question",{"text":109,"@type":110},"It summarizes key non-binding and binding terms, including the proposed purchase of defined assets, client accounts, payment structure, and related obligations. It also notes that additional details will be handled in the formal purchase agreements and any addenda.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are due diligence and closing dates handled in the document?",{"text":114,"@type":110},"It sets a due diligence period measured from the date the Buyer receives the signed term sheet, and it provides a proposed closing date. Specific dates are meant to be completed on the form.",{"name":116,"@type":107,"acceptedAnswer":117},"What assets are included and excluded from the sale?",{"text":118,"@type":110},"Included assets cover rights and interests in client accounts and related information, goodwill, transition assistance, client-account revenue, and any additional assets listed on an addendum. Excluded assets specifically include the Seller’s cash and accounts receivable for work completed and billed prior to closing.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},178053,1790139147,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":73},687207024643,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Term Sheet for\nPurchase of Assets\nVersion 2017-1b\n4900 Meadows Road, Suite 300\nLake Oswego, Oregon 97035\nPhone: 800.934.3303 | Fax: 503.452.4205\n\u0013 HYPERLINK \"http://www.FPTransitions.com\" \u0014www.FPTransitions.com\u0015\nCopyright 1999-2017 by FP Transitions, LLC. All rights reserved. Printed in the United States of America.\nExcept as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or\ndistributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission\nof the publisher. Please contact FP Transitions, LLC, at 1.800.934.3303 for distribution requests.\nFP Transitions, LLC\nInstructions for Use of This Term Sheet\n1.\tUnless otherwise specified herein, this Term Sheet summarizes the non-binding and binding terms of your agreement and is to be used as a guideline for further negotiations and due diligence.  All other details of the transaction will be addressed in the actual purchase agreements.\n2.\tFP Transitions, LLC, suggests that you do not alter the text of this contract without the assistance of your attorney. FP Transitions, LLC, is not a law firm; we do not provide legal services; and, your FP Transitions Consultant is not your attorney or tax advisor.\n3.\tIf you handwrite changes to the text, all parties must initial those changes.  Any changes that do not fit neatly in a space shall be added to an Addendum.\n4.\tIf you have questions regarding your legal rights or other legal issues, contact your attorney.\n5.\tIf you have questions regarding your tax liability or other tax issues, contact your CPA/tax advisor.\n6.\tThis Term Sheet is designed to be fair and impartial to all parties. However, your attorney or CPA/tax advisor may recommend revisions to the text to protect your interests.\n\u000f\nTIMEFRAME:\nToday’s Date: \t\u0013 FORMTEXT \u0014     \u0015, 20\u0013 FORMTEXT \u0014  \u0015\nDue Diligence Period: \t\u0013 FORMTEXT \u0014     \u0015 days from date Buyer receives signed Term Sheet from Seller\nProposed Closing Date: \t\u0013 FORMTEXT \u0014     \u0015, 20\u0013 FORMTEXT \u0014  \u0015\nPARTIES:\nBuyer:\t\tSeller:\nName: \u0013 FORMTEXT \u0014     \u0015\t\t\t\tName:  \u0013 FORMTEXT \u0014     \u0015\nAddress: \u0013 FORMTEXT \u0014     \u0015\t\t \tAddress:  \u0013 FORMTEXT \u0014     \u0015\n\u0013 FORMTEXT \u0014     \u0015\t\t\t\u0013 FORMTEXT \u0014     \u0015\nPhone:  \u0013 FORMTEXT \u0014     \u0015\t\t\tPhone:  \u0013 FORMTEXT \u0014     \u0015\nEmail:  \u0013 FORMTEXT \u0014     \u0015\t\t\tEmail:  \u0013 FORMTEXT \u0014     \u0015\nTERMS OFFERED:\nTotal Purchase Price:\t$\u0013 FORMTEXT \u0014     \u0015.00\nDown Payment:  $\u0013 FORMTEXT \u0014     \u0015.00 (to be paid at Closing)\nSource:   \t\u0013 FORMTEXT \u0014     \u0015\nBuyer should be prepared to provide written verification on all fund sources\nPromissory Note   $\u0013 FORMTEXT \u0014     \u0015.00    Term in Years: \u0013 FORMTEXT \u0014     \u0015    Interest Rate: \u0013 FORMTEXT \u0014     \u0015%    First Payment: \u0013 FORMTEXT \u0014     \u0015\nPayment Frequency: \u0013 FORMTEXT \u0014     \u0015   Look back provision:  \u0013 FORMTEXT \u0014     \u0015\nAdjustment at \u0013 FORMTEXT \u0014     \u0015 months\nor\n\u0013 FORMCHECKBOX \u0014\u0015 – Earn Out - Term:\u0013 FORMTEXT \u0014     \u0015years \u0013 FORMTEXT \u0014     \u0015% of Gross Revenue or stated dollar amount $\u0013 FORMTEXT \u0014     \u0015.00\nTax Allocation:  Assets \t\u0013 FORMTEXT \u0014     \u0015%    Consulting  \u0013 FORMTEXT \u0014     \u0015%    Non-Compete/Non-Solicitation  \u0013 FORMTEXT \u0014     \u0015%\nSeller’s Staff Needed?  \tNo\tYes, if due diligence supports.\nSeller’s Lease Needed?  \tNo\tYes, if due diligence supports.\nSeller intends to provide post-closing support for at least \u0013 FORMTEXT \u0014     \u0015 months\nSeller intends to agree not to Compete or Solicit \u0013 FORMTEXT \u0014     \u0015\nBuyer intends to maintain the acquired client accounts at \u0013 FORMTEXT \u0014     \u0015\nBuyer intends to transfer all the acquired client accounts to \u0013 FORMTEXT \u0014     \u0015\nNON-BINDING TERMS AND CONDITIONS\nThis Term Sheet for Purchase of Assets (the “Term Sheet”), effective when executed by Seller, memorializes the current mutual intent of Buyer and Seller (the “Parties”). The Parties recognize that closing of the proposed transaction is subject to the satisfactory due diligence of the Parties and any other contingencies as may be separately listed on any attached Addendum, along with further negotiation and documentat","cbCaibmehiv9Lu50","https://ap.wps.com/l/cbCaibmehiv9Lu50","docx",74410,6,"English","# Instructions for Use of This Term Sheet\n## Timeframe\n## Parties\n## Terms Offered\n## Non-Binding Terms and Conditions\n## Assets Purchased\n## Excluded Assets","[{\"question\":\"What does the term sheet cover for the asset purchase transaction?\",\"answer\":\"It summarizes key non-binding and binding terms, including the proposed purchase of defined assets, client accounts, payment structure, and related obligations. It also notes that additional details will be handled in the formal purchase agreements and any addenda.\"},{\"question\":\"How are due diligence and closing dates handled in the document?\",\"answer\":\"It sets a due diligence period measured from the date the Buyer receives the signed term sheet, and it provides a proposed closing date. Specific dates are meant to be completed on the form.\"},{\"question\":\"What assets are included and excluded from the sale?\",\"answer\":\"Included assets cover rights and interests in client accounts and related information, goodwill, transition assistance, client-account revenue, and any additional assets listed on an addendum. Excluded assets specifically include the Seller’s cash and accounts receivable for work completed and billed prior to closing.\"}]","Purchase of Assets Term Sheet - Version 2017-1b | DOCX",1788330183]