Bill of Sale - Business

VIEWS: 247 PAGES: 4

More Info
									A Bill of Sale for a Business is a written instrument between two parties, where one
party (the Seller) is selling a business, of which he or she had lawful possession, and
the other party (the Purchaser) 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.
                                    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
    ________________.

    Dated: ____ [Month] ____ [Date], 20____ [Year].

    ___________________________________ _____________________________________

    Signature of Seller                             Signature of Buyer




© Copyright 2012 Docstoc Inc.                                                                    2
                                        Exhibit-A


                                GOODS AND/OR PROPERTY




© Copyright 2012 Docstoc Inc.                           3

								
To top