Please provide the date of Transfer, Sale or Disposition: E. Please select all that apply: Property was transferred or sold to another business entity. An experienced Maryland business transactions attorney can draft a Purchase and Sale Agreement that is tailored to the individual transaction.If the Letter of Intent is not binding, then the parties will not be obligated to complete a formal sales agreement and both can walk away from the deal. Download Maryland Business Bill of Sale template, modify and send for signing using BoloForms Signature. A contract consists of a legally binding agreement or promise between parties. You must properly transfer the assets of a business purchase. A Maryland business attorney specializing in business sales will make sure it's done properly. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.