Asset Purchase Agreement Schedules: An Overview

When it comes to buying or selling a company, an Asset Purchase Agreement (APA) is a crucial document that outlines the terms and conditions of the transaction. The APA serves as a roadmap for both the buyer and seller to follow during the transaction process. One of the most important components of the APA is the schedules.

What Are Asset Purchase Agreement Schedules?

Schedules, also known as exhibits, are attachments to the APA that set out specific details of the transaction. They can include a variety of information, such as a list of assets being purchased, purchase price allocation, and other important terms and conditions.

Schedules might also contain provisions relating to the transfer of intellectual property, employee agreements, real estate leases, and other essential parts of the sale. These schedules are usually specific to each transaction and tailored to the individual needs of the buyer and seller.

Why Are Asset Purchase Agreement Schedules Important?

Schedules are an essential part of the APA because they provide a detailed breakdown of the transaction. They ensure that all parties involved in the transaction fully understand the terms and conditions of the sale.

Schedules are also essential because they help to protect the buyer and the seller`s interests. By outlining the specific assets being purchased and their value, the schedules can help prevent disputes that may arise in the future.

For example, if the buyer believes that certain assets were included in the transaction, but the seller disagrees, the schedules can provide clarity and help resolve the issue.

In addition, schedules play a crucial role in ensuring that the transaction complies with state and federal regulations. They help to ensure that all necessary legal requirements are met, and the transaction is legally binding.

What Are Some Common Asset Purchase Agreement Schedules?

While each transaction is unique, there are several common schedules that often appear in an APA. These include:

1. Schedule of Assets: This schedule identifies the assets being purchased. This may include real estate, equipment, inventory, and intellectual property.

2. Purchase Price Allocation: This schedule outlines how the purchase price is allocated among the assets being purchased. This is important because it affects the tax consequences of the transaction.

3. Employee Schedules: These schedules set out the terms of employment for employees who will be transferred to the buyer after the sale. This might include employee benefits, vacation time, and other important details.

4. Real Estate Leases: If the business being sold leases real estate, a schedule may be included that outlines the terms of the lease, including rent, lease term, and other important details.


Asset Purchase Agreements are complex legal documents that require careful attention to detail. Schedules are an essential part of the APA, providing critical information about the assets being purchased, purchase price allocation, and other important terms and conditions.

When drafting an APA, it is essential to work with an experienced attorney who can help you create a comprehensive document that meets your needs and protects your interests.