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.
Power of Attorney
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.
Format and Jurisdiction
This downloadable Bill of Sale form is available in MS Word format and is fully editable. It is intended to be used only in Canada.
Letter of Intent to Purchase Assets of Business
Are you in negotiations to purchase the assets of a business? Set down the terms of your offer in writing with this Letter of Intent template.
- The letter of intent is not a contract and is not legally binding, except as it relates to the negotiations between the parties, such as confidentiality provisions.
- In this template, the buyer intends to incorporate a new company which will purchase all of the assets and goodwill of the business from the seller.
- The letter has a built-in expiry date, which will take effect if the parties fail to execute and deliver a formal Purchase & Sale Agreement within a specified number of days.
- If the buyer is willing to proceed and the seller fails to go through with the transaction, the seller will pay the buyer's costs and a percentage of the purchase price as liquidated damages.
- This is a generic template that can be used anywhere.
Ontario Offer to Purchase Business Assets and 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.
Bill of Sale for Business Assets | USA
Selling a business involves transferring the assets of the business to the buyer. You can do that with this USA Bill of Sale, Assignment and Conveyance form.
- The Bill of Sale can be used to convey title to various types of business assets such as equipment, vehicles, inventory, trade marks, and other intellectual property.
- The seller authorizes the purchaser to act as its attorney-in-fact with respect to dealing with the assets being transferred.
- The form is a digital download which can be easily customized for your transaction.
- Intended for use only in the United States.
Surrender of Commercial Lease | Canada
Prepare a Surrender of Commercial Lease with this downloadable template for a business or retail lease in Canada.
Key Provisions
- The parties agree that the tenant will surrender the premises and the lease will be cancelled and terminated as of a specified date.
- The tenant will pay the landlord a specified amount to terminate the lease, and will forfeit all security and damage deposits paid to the landlord.
- Both the landlord and the tenant agree to honour their obligations until the date of surrender.
- The tenant will remove its trade fixtures and specified leasehold improvements (if possible).
Format and Legal Jurisdiction
This document template is provided in MS Word format and is easy to download, fill in with your details, and print. This form can be used in most Canadian provinces and territories. A French language version may be required for Quebec.
Asset Purchase Agreement | Canada
Draw up the terms for purchase of 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.
Purchase Price of Inventory
The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
Conditional Transaction
The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
Schedules Included
Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement.
Format and Governing Law
The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs. It is governed by Canadian law and is intended for use only in Canada.
Assignment of Commercial Lease by Tenant
Assign your business lease over to a new tenant with this Assignment of Commercial Lease by Tenant form.
- The landlord must consent in writing to the assignment of the lease, and a Consent of Landlord form is included.
- The assignor will remain liable to the landlord during the balance of the lease term for all amounts due under the Lease.
- The landlord does not give up any of its rights under the Lease by consenting to the assignment.
- The assignor releases and waives all of its rights as tenant under the Lease, but is not released from any of its obligations.
- This is a generic legal form which is not country-specific and can be used anywhere that a prescribed form is not required.
Bill of Sale for Business Assets | USA
Selling a business involves transferring the assets of the business to the buyer. You can do that with this USA Bill of Sale, Assignment and Conveyance form.
- The Bill of Sale can be used to convey title to various types of business assets such as equipment, vehicles, inventory, trade marks, and other intellectual property.
- The seller authorizes the purchaser to act as its attorney-in-fact with respect to dealing with the assets being transferred.
- The form is a digital download which can be easily customized for your transaction.
- Intended for use only in the United States.
