Assumption of Obligations Agreement

Use this Assumption of Obligations Agreement as part of a purchase of business assets when the buyer agrees to assume the liabilities.


Purpose of Agreement

An Assumption of Obligations Agreement is used as part of the documentation of the purchase of a business when the buyer has agreed to assume all or part of the obligations and liabilities of the business following the closing.

Mutual Indemnification

Each of the parties indemnifies the other party against claims or actions, with the seller indemnifying the buyer up until the time of closing, and the buyer indemnifying the seller from the time of closing onward.

Format and Jurisdiction

The Assumption of Obligations Agreement template is available in MS Word format. It is downloadable and fully editable, and can be easily customized to meet your specific needs.

This is not a country-specific legal template and it can be used almost anywhere.

Document Type: Microsoft Word
Last Updated: 26-February-2026
SKU: 5386
$12.49
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Draw up the terms for purchase of the assets of a Canadian business with this comprehensive Asset Purchase Agreement.

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The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.

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Format and Governing Law

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