Bill of Sale for a Business

					Bill of Sale for a Business
This Bill of Sale is entered into between a buyer and a seller of business. This document
serves as evidence of the transfer of title from the seller to the buyer. It sets forth the
assets that will be included in the sale, including the business’ goodwill. Furthermore,
the seller agrees not to engage in a similar business for a specified time period. This
should be used by a buyer or seller of an existing business.
                                    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

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                                GOODS AND/OR PROPERTY

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Description: A Bill of Sale for a Business is a written instrument between two parties, whereby 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
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