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A description of what is being transferred, such as specific physical assets, customer and supplier lists, and the company name, as well as any copyrights, patents, trademarks, trade names, or other intellectual property; this may include the manner in which assets will be transferred, such as with a bill of sale ...

Documents Required to Sell a Business Depending on the type of business you are selling, you may need an Entity Sale Agreement or an Asset Sales Agreement. Furthermore, if you are financing part of the purchase price, you may need a Security Agreement for Asset Sale, a UCC Financing Statement and a Promissory Note.

What is a Business Purchase Agreement? Business purchase agreements, also called BPAs or business transfer agreements, are legal contracts that transfer ownership from the seller of a business entity to a buyer. This type of agreement contains provisions that govern the terms of sale.

All business contracts should include fundamentals such as: The date of the contract. The names of all parties or entities involved. Payment amounts and due dates. Contract expiration dates. Potential damages for breach of contract, missed deadlines or incomplete services.

An Arizona bill of sale allows for the ownership transfer of personal property. The document should include the identification of both parties (buyer and seller), purchase price, description of property, and the signature of a notary public (for vehicle transfers).

A purchase agreement is the written contract detailing all of the relevant terms of the business sale. There will likely be other documentation involved?a bill of sale, a promissory note for financing, stock transfer certificates, et al. ?but the agreement is your ?roadmap? for the entire transaction.