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Bill of Sale and Assignment Pursuant to Purchase Agreement
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					           Bill of Sale and Assignment Pursuant to Purchase Agreement

Pursuant to the Purchase Agreement, dated (date), between (Name of Purchaser), a
corporation organized and existing under the laws of the state of (name of state), with
its principal office located at (street address, city, state, zip code), referred to herein as
Purchaser, and (Name of Seller), a corporation organized and existing under the laws of
the state of (name of state), with its principal office located at (street address, city, state,
zip code), referred to herein as Seller.

1.     Consideration. For and in consideration of: (i) the payment delivered on (date)
to Seller; and (ii) the assumption of certain liabilities of Seller pursuant to the above-
stated Agreement, and other good and valuable consideration, the receipt of which is
acknowledged, does assign to Purchaser all of the assets described in Exhibit A used
in the business of Seller at (street address, city, state, zip code), said business having
the trade name of (Name of Business).

2.     Collection of Accounts.
       A.      Seller hereby (i) appoints Purchaser as its true and lawful attorney-in-fact
       of Seller, with full power of substitution, having full right and authority, in the
       name of Seller to collect or enforce for the account of Purchaser, liabilities and
       obligations of third parties with respect to the above-specified assets; (ii) to
       institute and prosecute all proceedings that Purchaser may deem proper in order
       to enforce any claim to the above-specified assets, (iii) to defend and
       compromise any and all actions, suits, or proceedings in respect of any of the
       above-specified assets, and (iii) to do all such acts in relation to such assets that
       Purchaser may deem advisable.

       B.    Seller agrees that the above-stated powers are coupled with an interest
       and shall be irrevocable by Seller.

3.    Warranty of Title. Seller warrants to Purchaser that it has good title to the
above-specified assets, and further warrants that it has full right and authority to assign
them as specified in this instrument.

4.     Assignment of Leases. Seller assigns to Purchaser all of its rights, duties, and
obligations under the real and personal property leases described in Exhibit B attached
hereto and made a part hereof.

5.    Severability. The invalidity of any portion of this Agreement will not and shall not
be deemed to affect the validity of any other provision. If any provision of this
Agreement is held to be invalid, the parties agree that the remaining provisions shall be
deemed to be in full force and effect as if they had been executed by both parties
subsequent to the expungement of the invalid provision.

6.    No Waiver. The failure of either party to this Agreement to insist upon the
performance of any of the terms and conditions of this Agreement, or the waiver of any
breach of any of the terms and conditions of this Agreement, shall not be construed as
subsequently waiving any such terms and conditions, 
				
DOCUMENT INFO
Description: A bill of sale a document that is evidence of an assignment or sale of personal property. Tangible personal property is property that we can see, touch and not affixed to real property as a fixture. Examples of tangible personal property would be vehicles, machinery, office equipment and inventory. Intangible personal property includes claims and debts (also called choses in action), copyrights, patents, and trademarks. Both tangible and intangible personal property can be transferred by a bill of sale. This document can provide both the seller and buyer with a record of what has been sold, to whom, when, and for what price.
PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),