Houston Texas 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
• City: Houston
• 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. Houston Texas 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 selling a retail store owned by a sole proprietor in Houston, Texas. This agreement specifies the sale of goods and fixtures at their invoice cost, along with an additional percentage agreed upon by both parties. The Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship protects the interests of both the seller and the buyer. It includes important details such as the names and addresses of the parties involved, the effective date of the agreement, and a comprehensive description of the retail store, including its location and current inventory. In addition, this agreement defines the invoice cost of goods and fixtures. The invoice cost refers to the price initially paid by the seller to acquire the items for the retail store. The agreement also specifies the percentage to be added to the invoice cost, which becomes part of the total purchase price. It is crucial to have multiple types of Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage depending on specific circumstances. These may include: 1. Asset Purchase Agreement: In this type of agreement, the buyer acquires only the assets of the retail store, such as inventory, equipment, and fixtures. The buyer does not assume any liabilities or obligations of the sole proprietorship. 2. Stock Purchase Agreement: This agreement involves the sale of the sole proprietor's stock in the retail store. The buyer acquires ownership of the entire business, including its assets, liabilities, and obligations. 3. Partial Sale Agreement: This agreement refers to the sale of a portion of the retail store's assets and fixtures. It allows the sole proprietor to retain ownership of some assets while selling others to the buyer. When drafting a Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage, it is vital to consult with legal professionals familiar with local laws and regulations. This will ensure that all necessary provisions are included and that the agreement accurately represents the intentions and interests of both the sole proprietor and the buyer.

Houston Texas 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 selling a retail store owned by a sole proprietor in Houston, Texas. This agreement specifies the sale of goods and fixtures at their invoice cost, along with an additional percentage agreed upon by both parties. The Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship protects the interests of both the seller and the buyer. It includes important details such as the names and addresses of the parties involved, the effective date of the agreement, and a comprehensive description of the retail store, including its location and current inventory. In addition, this agreement defines the invoice cost of goods and fixtures. The invoice cost refers to the price initially paid by the seller to acquire the items for the retail store. The agreement also specifies the percentage to be added to the invoice cost, which becomes part of the total purchase price. It is crucial to have multiple types of Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage depending on specific circumstances. These may include: 1. Asset Purchase Agreement: In this type of agreement, the buyer acquires only the assets of the retail store, such as inventory, equipment, and fixtures. The buyer does not assume any liabilities or obligations of the sole proprietorship. 2. Stock Purchase Agreement: This agreement involves the sale of the sole proprietor's stock in the retail store. The buyer acquires ownership of the entire business, including its assets, liabilities, and obligations. 3. Partial Sale Agreement: This agreement refers to the sale of a portion of the retail store's assets and fixtures. It allows the sole proprietor to retain ownership of some assets while selling others to the buyer. When drafting a Houston Texas Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage, it is vital to consult with legal professionals familiar with local laws and regulations. This will ensure that all necessary provisions are included and that the agreement accurately represents the intentions and interests of both the sole proprietor and the buyer.