What is a Bulk Sale Agreement Template?
Bulk Sale Agreement Template specifies the terms and conditions for transferring a large portion of the seller’s materials, merchandise, and the like. The contract must be for the transfer of business assets. One of the distinguishing features of a bulk sales transfer is that the agreement is for the transfer of inventory that is not normally used in the seller’s business.
While selling the entire company or subsidiaries to buyers, businesses enter into bulk sales contracts.
Why use a Bulk Sale Agreement Template?
Bulk sales are appropriate in the following situations:
1. A business is being liquidated.
2. A company is transferring a portion of its operations to a new owner.
3. Because inventory is transferred from one business entity to another, bulk sales are also known as bulk transfers. Some state laws prohibit bulk sales in specific circumstances.
4. A bankrupt company attempts to sell or transfer assets and inventory at a lower price than they are worth.
Format: Microsoft Word (.doc) (.docx) and Google Docs
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