Common use of Liabilities Not Assumed by Purchaser Clause in Contracts

Liabilities Not Assumed by Purchaser. Except for the Assumed Liabilities, Purchaser will not assume any debt, liability or obligation of Seller of any character whatsoever (whether accrued, absolute, contingent, known or unknown, due or to become due, or otherwise), all of which are being retained by Seller.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement