You Don’t Own What’s Not Listed

May 12, 2025
by a professional from Duke University in Windermere, FL 34786, USA
We saw an asset schedule once that said: “All equipment on site.” That’s it.
Problem: the “site” also housed the seller’s hobby woodworking tools, their brother’s trailer, and a leased forklift.
Buyers: get serial numbers. Get photos. Get clear.
“General” language will not protect you when there’s a dispute. We write it tighter because we’ve had to clean up the loose ones.
Better yet, buy "all of the assets of the Business" and let the seller list what's excluded!
from Harvard University in Boston, MA, USA