You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. This contract sets out the key terms of the transaction, including the purchase price, payment terms, and the assets and liabilities included in the sale.We'll discuss seller financing for business and how it works, as well as highlight the pros and cons for both buyers and sellers. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. Seller shall also furnish Purchaser with: (i) an Affidavit of Title in customary form; (ii) a Bill of. A commercial purchase and sale contract for the real estate purchase will evidence the commercial real estate purchase. Learn what a business purchase agreement looks like and how to draft one effectively.