Wake North Carolina 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
• County: Wake
• 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 Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legal contract that outlines the terms and conditions for the sale of a retail store by a sole proprietorship, along with its associated goods and fixtures. This agreement is specific to Wake County, North Carolina, and covers the sale of a retail store owned by a sole proprietor, including all the goods and fixtures used in the store's operation. In this agreement, the retail store's inventory, equipment, and fixtures are sold at their invoice cost plus a predetermined percentage. The invoice cost refers to the original purchase price of the goods, fixtures, and equipment, while the predetermined percentage represents the agreed-upon markup or profit margin. This type of agreement is used when a sole proprietor wishes to sell their retail store and transfer ownership to another individual or entity. It ensures that both parties are protected during the transaction and minimizes the possibility of misunderstandings or disputes. By specifying the invoice cost plus a percentage, the agreement determines the price at which the store, its goods, and fixtures will be sold. Some potential variations or additional types of Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage may include: 1. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus 10%: This variation would stipulate a fixed markup of 10% on top of the invoice cost. 2. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus 15%: This variation would involve a predetermined markup of 15% on the initial invoice cost. 3. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Negotiated Percentage: In some cases, the buyer and seller might agree to negotiate a specific percentage of markup based on factors such as the market value of the goods or fixtures. In conclusion, the Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage governs the purchase and sale of a retail store, its goods, and fixtures by a sole proprietorship. Different variations of this agreement might involve specific percentages for the markup, providing flexibility based on the needs and preferences of the parties involved in the transaction.

The Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage is a legal contract that outlines the terms and conditions for the sale of a retail store by a sole proprietorship, along with its associated goods and fixtures. This agreement is specific to Wake County, North Carolina, and covers the sale of a retail store owned by a sole proprietor, including all the goods and fixtures used in the store's operation. In this agreement, the retail store's inventory, equipment, and fixtures are sold at their invoice cost plus a predetermined percentage. The invoice cost refers to the original purchase price of the goods, fixtures, and equipment, while the predetermined percentage represents the agreed-upon markup or profit margin. This type of agreement is used when a sole proprietor wishes to sell their retail store and transfer ownership to another individual or entity. It ensures that both parties are protected during the transaction and minimizes the possibility of misunderstandings or disputes. By specifying the invoice cost plus a percentage, the agreement determines the price at which the store, its goods, and fixtures will be sold. Some potential variations or additional types of Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage may include: 1. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus 10%: This variation would stipulate a fixed markup of 10% on top of the invoice cost. 2. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus 15%: This variation would involve a predetermined markup of 15% on the initial invoice cost. 3. Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Negotiated Percentage: In some cases, the buyer and seller might agree to negotiate a specific percentage of markup based on factors such as the market value of the goods or fixtures. In conclusion, the Wake North Carolina Agreement for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage governs the purchase and sale of a retail store, its goods, and fixtures by a sole proprietorship. Different variations of this agreement might involve specific percentages for the markup, providing flexibility based on the needs and preferences of the parties involved in the transaction.