Business Asset Division Agreement

This Business Asset Division Agreement ("Agreement") is made and entered into on this ____ day of __________, 20___, by and between:

Party 1:
Name:
Address:

Party 2:
Name:
Address:

Collectively referred to as the "Parties".

1. Purpose

The purpose of this Agreement is to divide the business assets owned by the Parties as specified below.

2. Business Information

Business Name:
Type of Entity:
Address:

3. Asset Division

Asset	Description	Allocated To

4. Liabilities

List of any liabilities and their division:

Liability	Description	Responsible Party

5. Additional Terms

6. Governing Law

This Agreement shall be governed by the laws of _____________________________.

7. Signatures