New Hampshire 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 New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legally binding document that outlines the terms and conditions for selling a retail store owned by a sole proprietorship. This agreement specifically includes the cost of goods and fixtures, which are calculated based on the invoice cost plus a certain percentage. The agreement serves as a protection for both the seller and the buyer, ensuring that each party's rights and responsibilities are clearly defined. It covers essential aspects such as the purchase price, payment terms, transfer of ownership, delivery of goods, and any warranties or representations made by the seller. Variations of the New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage may include: 1. Standard Agreement: This is the typical agreement used for the sale of a retail store, where the cost of goods and fixtures is determined by invoice cost plus a specific percentage. It covers the basic terms and conditions required for such a transaction. 2. Customized Agreement: In some cases, the buyer and seller may negotiate specific terms unique to their situation. This could involve adjusting the percentage added to the invoice cost for determining the price of goods and fixtures or adding additional clauses to address specific concerns or requirements. 3. Sale of Assets Agreement: If the retail store being sold is part of a larger business entity, such as a corporation or limited liability company (LLC), a Sale of Assets Agreement may be necessary. This agreement focuses on the sale of specific assets of the business, including the retail store, goods, and fixtures, rather than the entire business itself. 4. Installment Sale Agreement: Sometimes, the buyer may not be able to make the full payment upfront. In such cases, an Installment Sale Agreement can be used. This agreement allows the buyer to make payments in installments over a specified period, while the seller retains ownership of the store until the full payment is received. In conclusion, the New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a comprehensive and customizable legal document that protects the interests of both the buyer and seller during the sale of a retail store. It ensures that the terms and conditions are explicitly stated, facilitating a smooth transaction and minimizing potential disputes.

The New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legally binding document that outlines the terms and conditions for selling a retail store owned by a sole proprietorship. This agreement specifically includes the cost of goods and fixtures, which are calculated based on the invoice cost plus a certain percentage. The agreement serves as a protection for both the seller and the buyer, ensuring that each party's rights and responsibilities are clearly defined. It covers essential aspects such as the purchase price, payment terms, transfer of ownership, delivery of goods, and any warranties or representations made by the seller. Variations of the New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage may include: 1. Standard Agreement: This is the typical agreement used for the sale of a retail store, where the cost of goods and fixtures is determined by invoice cost plus a specific percentage. It covers the basic terms and conditions required for such a transaction. 2. Customized Agreement: In some cases, the buyer and seller may negotiate specific terms unique to their situation. This could involve adjusting the percentage added to the invoice cost for determining the price of goods and fixtures or adding additional clauses to address specific concerns or requirements. 3. Sale of Assets Agreement: If the retail store being sold is part of a larger business entity, such as a corporation or limited liability company (LLC), a Sale of Assets Agreement may be necessary. This agreement focuses on the sale of specific assets of the business, including the retail store, goods, and fixtures, rather than the entire business itself. 4. Installment Sale Agreement: Sometimes, the buyer may not be able to make the full payment upfront. In such cases, an Installment Sale Agreement can be used. This agreement allows the buyer to make payments in installments over a specified period, while the seller retains ownership of the store until the full payment is received. In conclusion, the New Hampshire Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a comprehensive and customizable legal document that protects the interests of both the buyer and seller during the sale of a retail store. It ensures that the terms and conditions are explicitly stated, facilitating a smooth transaction and minimizing potential disputes.