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Bill of Sale for Business Assets | Canada
If you're selling a business in Canada, this Bill of Sale form is essential to transfer ownership of the assets to the buyer.
- The form is not only a bill of sale, it's also a conveyancing form that transfers, conveys and assigns title to the business assets (such as equipment, vehicles, inventory, trade marks, etc) to the purchaser.
- With this form, you can also appoint the purchaser as your attorney to demand, receive, give receipts for and deal with the assets being transferred.
- Available in MS Word format.
- Intended to be used only in Canada.
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Ontario Offer to Purchase Business Assets
Write an offer to purchase the assets, inventory and supplies of an Ontario business with this downloadable template.
- Once accepted by the seller, the Offer to Purchase becomes a binding agreement of purchase and sale between the parties.
- The offer is conditional upon the purchaser receiving financing sufficient for the transaction.
- The purchaser will take over the lease on the business premises and assume certain liabilities.
- The purchaser is responsible for paying HST on the transaction.
- The purchaser will pay the value of current inventory and supplies on hand as of the closing date, valued at lower of cost and net realizable value, as determined by the parties after conducting a physical inventory.
- The parties will cooperate in obtaining any third party consents required to complete the transaction.
- The parties will jointly file an election under section 167 of the Excise Tax Act.
- Available in MS Word format.
- Intended to be used only in the Province of Ontario, Canada.
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Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
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Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
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Ontario Offer to Purchase Restaurant Assets
You can easily write an offer to buy the assets and property of a restaurant with this downloadable template Offer to Purchase for the Province of Ontario.
- The offer becomes a legally binding agreement of purchase and sale once it has been accepted by the seller.
- On closing, the buyer will pay the seller the value of liquor, food and beverages on hand, valued at either cost or net realizable value, whichever is lower.
- The buyer is not required to purchase inventory older than two months or inventory which is unsaleable or unusable.
- The buyer is responsible for remitting the GST applicable to the sale. The buyer will also pay retail sales tax on the purchased assets.
- The seller will give the buyer reasonable access to the premises, books and records of the business to enable the buyer to conduct its due diligence investigation.
- The agreement contains the standard representations and warranties of each party.
- The seller agrees not to carry on or be involved with a competing business within an agreed proximity to the restaurant, and will not solicit customers or employees from the business.
- The Offer to Purchase form is intended for use within the Province of Ontario, Canada.
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Ontario Offer to Purchase Business Assets & Shares
Have you decided to buy an established business in Ontario? You can write up your offer to purchase the assets and shares of the company with this downloadable template.
- The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
- Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
- The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
- The parties agree to review and make any adjustments to the purchase price six months after closing.
- It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
- This is a downloadable fully editable template in MS Word format.
- Intended for use in the Province of Ontario, Canada.
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Ontario Purchase Agreement for Assets of Operating Company
Acquire the assets of an Ontario corporation with this Purchase Agreement for Assets of Operating Company.
- The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
- The balance of the purchase price will be secured by a promissory note.
- The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Ontario Corporations Tax Act.
- The form includes a Section 116 Affidavit to be sworn by a corporate officer of the vendor, if applicable.
- The form also includes a Promissory Note.
- This is a fully editable legal template intended for use only in the Province of Ontario, Canada.
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Bill of Sale for Business Assets | Canada
If you're selling a business in Canada, this Bill of Sale form is essential to transfer ownership of the assets to the buyer.
- The form is not only a bill of sale, it's also a conveyancing form that transfers, conveys and assigns title to the business assets (such as equipment, vehicles, inventory, trade marks, etc) to the purchaser.
- With this form, you can also appoint the purchaser as your attorney to demand, receive, give receipts for and deal with the assets being transferred.
- Available in MS Word format.
- Intended to be used only in Canada.
$8.99
