VIEWS: 76 PAGES: 4 CATEGORY: Selling a Business POSTED ON: 12/20/2011
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 Pennsylvania when selling or purchasing a business.
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. ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY, INCLUDING AS TO LEGAL EFFECT OR COMPLETENESS. They are for guidance and should be modified by you or your attorney to meet your specific needs and the laws of your state. Use at your own ® risk. Docstoc, its employees or contractors who wrote or modified any form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney-Client relationship. The information and forms are not a substitute for the advice of your own attorney. Subject to our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15). See back cover page and read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. This document is not approved, endorsed by, or affiliated with any State, or governmental or licensing entity. Entire document © Docstoc, Inc., 2010, 2011 © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1 Attorney Drafted 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 within Pennsylvania. Dated: ____ [Month] ____ [Date], 20____ [Year]. ___________________________________ _____________________________________ Signature of Seller Signature of Buyer © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1 Exhibit A GOODS AND/OR PROPERTY © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2 Note: Carefully read and follow the Instructions and Comments contained in this document for your customization to suit your specific circumstances and requirements. You will want to delete the Instructions and Comments from open bracket (“[“) to close bracket (“]”) after reading and following them. You (or your attorney) may want to make additional modifications to meet your specific needs and the laws of your state ◊Where within this document you see this symbol: ◊ or an instruction states “Insert any number you choose◊,” or something similar, or there is a blank for the user to complete, please note that although Docstoc believes the information or number may be any that the user chooses, and that there is no law governing what the information or number should be, you might want to verify this, including by consulting with your own attorney practicing in your state, and be reasonable. INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. 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Your use of this document is deemed to be your agreement to the foregoing, the disclaimers on the cover page, and that you have read and agree to our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), as well as our disclaimer that Legal information is not legal advice, and the important content available here: Read More (http://www.docstoc.com/popterm.aspx?page_id=114) “Docstoc is unable to and does not provide legal advice, and please further note that laws change and are regularly amended, therefore, the names and section numbers of statutes within this document may not be 100% correct as they may be partially or wholly out of date and some relevant ones may have been omitted or misinterpreted. You may wish to consult with your own attorney practicing in your state to confirm the accuracy of statutory references." © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 3 3
"Pennsylvania Bill of Sale of Business"