Assignment of Assets - Free Legal Forms and Contracts

This free legal form and contract is provided as is and should be used for information, sample and example purposes only. Always consult your attorney. It is a valid legal document.

ASSIGNMENT OF ASSETS

AGREEMENT entered into by and between _______________________________________, hereinafter referred to as "Stockholder" and _______________________________________, hereinafter referred to as "Corporation."

WITNESSETH:

WHEREAS, the Corporation was lawfully formed by Articles of Incorporation filed with the Secretary of State of ___________________; and

WHEREAS, Certain assets must be lawfully transferred to the Corporation so the Corporation may be capitalized; and

WHEREAS, Stockholder wishes to transfer certain assets, as specified on Exhibit A, attached, to the Corporation; and

WHEREAS, the Corporation wishes to acquire certain assets, as specified on Exhibit A, attached, from Stockholder.

IT IS HEREBY AGREED, for and in consideration of the mutual covenants and agreements hereinafter entered into, as follows:

1. Stockholder herewith transfers and assigns to the Corporation those assets specified on Exhibit A, attached.

2. The Corporation herewith issues to Stockholder ____________________________ [quantity] shares of stock in the Corporation, par value $_____________________ per share, in consideration of the abovementioned transfer and assignment of assets.

AGREEMENT made on this ______ day of ____________________, 20_____.

______________________________
Stockholder’s Printed Name

______________________________
Stockholder’s Signature

______________________________
Corporation Representative’s Printed Name

______________________________
Corporation Representative’s Signature

______________________________
Witness #1’s Printed Name

______________________________
Witness #1’s Signature

______________________________
Witness #2’s Printed Name

________________________