Alabama Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage

• Category: Real Estate - Contracts - Commercial
• State: Multi-State
• Control #: US-00869BG
• Format: Word; Rich Text

Description

This form is used to document an agreement of the sale of a business. Particular statutory requirements may have to be complied with in the sale of certain businesses. If the statutory requirements are not met, the sale is void as against the seller's creditors, and the buyer may be personally liable to them. The Alabama Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legal document that outlines the terms and conditions of the sale of a retail store in Alabama. This agreement is specifically designed for sole proprietors who own a retail store and intend to sell it along with its inventory (goods) and fixtures. The agreement includes various details pertaining to the sale, such as the agreed-upon purchase price, the percentage added to the invoice cost, and the date of the sale. It also covers the transfer of ownership, the obligations of both parties, and any warranties or representations made by the seller regarding the store and its assets. The purpose of including the invoice cost plus a percentage in this agreement is to determine the total purchase price. The invoice cost refers to the original cost of the goods and fixtures, while the added percentage represents the seller's desired profit. There may be different types or variations of the Alabama Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage, depending on the specific requirements of the seller and buyer. Some named variations could include a "Fixed Percentage" agreement, where a specific percentage is agreed upon and added to the invoice cost. Another variation could be a "Gradual Increase" agreement, where the percentage increases gradually over a specified period of time. Keywords: Alabama Agreement for Sale of Retail Store, Sole Proprietorship, Goods and Fixtures, Invoice Cost, Percentage, Purchase Price, Transfer of Ownership, Obligations, Warranties, Representations, Variations.

The Alabama Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legal document that outlines the terms and conditions of the sale of a retail store in Alabama. This agreement is specifically designed for sole proprietors who own a retail store and intend to sell it along with its inventory (goods) and fixtures. The agreement includes various details pertaining to the sale, such as the agreed-upon purchase price, the percentage added to the invoice cost, and the date of the sale. It also covers the transfer of ownership, the obligations of both parties, and any warranties or representations made by the seller regarding the store and its assets. The purpose of including the invoice cost plus a percentage in this agreement is to determine the total purchase price. The invoice cost refers to the original cost of the goods and fixtures, while the added percentage represents the seller's desired profit. There may be different types or variations of the Alabama Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage, depending on the specific requirements of the seller and buyer. Some named variations could include a "Fixed Percentage" agreement, where a specific percentage is agreed upon and added to the invoice cost. Another variation could be a "Gradual Increase" agreement, where the percentage increases gradually over a specified period of time. Keywords: Alabama Agreement for Sale of Retail Store, Sole Proprietorship, Goods and Fixtures, Invoice Cost, Percentage, Purchase Price, Transfer of Ownership, Obligations, Warranties, Representations, Variations.