Docstoc Legal Agreements
This Bill of Sale of Business is a written instrument between two parties, where one party
(either an individual or corporate entity) is selling a business and the other party is
purchasing the business. The bill of sale is the document that evidences the transfer of title
to the business from the seller to the buyer. The form contains both standard clauses and,
opportunities for the use of optional terms, and conditions making it fully customizable to fit
the needs of the contracting parties. This document should be used by individuals or
entities located in Maine when selling or purchasing a business.
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BILL OF SALE OF BUSINESS
For good and sufficient consideration of ________ ($___) [Instruction: Insert the
consideration amount, e.g., fifty dollars ($50)], receipt of which is hereby acknowledged,
the undersigned ___________________________ [Instruction: Insert the name of seller]
(hereinafter referred to as the “Seller”) hereby sells, transfers and conveys to
___________________________ [Instruction: Insert the name of buyer] (hereinafter
referred to as the “Buyer”):
1. All and singular, the goods and chattels, property and effects, listed in Exhibit-A
attached hereto, which is incorporated herein and made a part hereof; and
2. The whole of the goodwill of the ___________________________ [Instruction:
Insert the nature of business] business formerly operated by the Seller, which is the
subject of this sale.
The Seller warrants that said goods and chattels are free and clear of all encumbrances,
which the Seller has full right and title to sell the same, and that Seller will defend the same
against the claims and demands of all persons.
The Seller hereby warrants and covenants that the Seller shall not within _____ (___) [◊
Instruction: Insert the number of years, e.g., two (2)] years of the date of this instrument,
engage in ____________________ [Instruction: Insert the nature of business] business
Dated: ____ [Month] ____ [Date], 20____ [Year].
Signature of Seller Signature of Buyer
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1
GOODS AND/OR PROPERTY
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2