This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Business Sale Contract For Services In Illinois
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State:
Multi-State
Control #:
US-00418
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Word;
Rich Text
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You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. If it's an asset sale, list the specific assets and liabilities included in the sale.This can include equipment, inventory, contracts, trademarks, and debts. This contract is a legally binding document outlining the terms and conditions for the sale of a business and its assets. Download Illinois Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. To sell a business in Illinois, you'll need various legal documents, including a bill of sale, asset purchase agreement, and non-disclosure agreements. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.