• US Legal Forms

What Is A Memorandum Agreement

State:
Multi-State
Control #:
US-01603BG
Format:
Word; 
Rich Text
Instant download

Description Sole Proprietorship Form Pdf

This form involves the sale or gift of a small business from one individual to another. The word memorandum is sometimes used when the agreement and transfer has already taken place, but has not yet been reduced to writing. If the transfer is a gift (e.g., on family member to another), the figure of $1.00 could be used or $0.00. Another alternative could be to write the word gift in the blank for the consideration.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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What Is A Memorandum Agreement