Bill of Sale of Business
ocstoc Legal Agreements
This Bill of Sale of Business can be used by an Individual or Corporate
Seller. This Bill of Sale may include anything tangible and intangible that is
considered part of business, including all licenses, processes, designs,
formulas, computer programs, computer software packages, trade secrets,
product manufacturing instructions etc.
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Attorney Drafted
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BILL OF SALE OF BUSINESS
For good and sufficient consideration of ________ ($___) [Instruction: Insert the
consideration amount e.g., Fifty dollars only ($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
within Minnesota.
Dated: ____ [Month] ____ [Date], 20____ [Year].
___________________________________ _____________________________________
Signature of Seller Signature of Buyer
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Exhibit-A
GOODS AND/OR PROPERTY
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