Form Overview
The Bill of Sale serves as the document conveying title to the target assets. The Bill of Sale favoring buyer documents the continuing responsibility of seller in connection with the conveyance and moves the risks of the transaction to seller. The list of assets is attached as an exhibit (not included). The purchase price and method of payment is specified. Seller represents ownership of marketable title to the assets and responsibility for any sales taxes. Seller also represents the absence of any liens or litigation involving the assets. Seller releases buyer from any and all claims, and agrees to hold buyer harmless from any claims in connection with the assets. These provisions are subject to state law so be sure to consult with local counsel before finalizing your drafts. You can find answers to your questions using our extensive library of
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