ABSTRACT

The Parties ..................................................................................................................................... 558 Date of Agreement and Closing Date ............................................................................................ 558 Recitals ........................................................................................................................................... 559 Articles, Sections, and Paragraphs ................................................................................................. 559 Binding the Parties ......................................................................................................................... 559 What Is Purchased? ........................................................................................................................ 559

Sale of Stock versus Sale of Assets ........................................................................................... 559 Items Purchased ........................................................................................................................560 Medical Records........................................................................................................................560 Governmental Licenses .............................................................................................................560 Telephone and Fax Numbers, Website URLs, Twitter Accounts, and So On ...........................560 Items Not Purchased ................................................................................................................. 561

Purchase Price and Terms .............................................................................................................. 561 Allocation of Purchase Price .......................................................................................................... 562 Lease Assignment .......................................................................................................................... 562 Indemnification and Exclusion/Inclusion of Liabilities ................................................................. 563 Other Factors and Clauses ............................................................................................................. 563

Integration ................................................................................................................................. 563 Construction ..............................................................................................................................564 Choice of Law ...........................................................................................................................564 Choice of Venue ........................................................................................................................564 Survival of Obligations .............................................................................................................564 No-Waiver Clause .....................................................................................................................564 Notices....................................................................................................................................... 565 Severability Clause .................................................................................................................... 565 Further Assurances Clause ........................................................................................................ 565

Closing: Settlement ........................................................................................................................ 565 Transition ....................................................................................................................................... 565 Restrictive Covenants .....................................................................................................................566