Wayne Michigan 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: Wayne
• 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 Wayne Michigan 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 Wayne, Michigan. This agreement is specifically designed for situations where both the goods and fixtures of the store are included in the sale. The agreement includes details such as the names and addresses of both the seller (sole proprietor) and the buyer, the location and description of the retail store, and the terms of the sale. It outlines that the sale will be based on the invoice cost of the goods and fixtures, which is the original purchase price, plus a predetermined percentage added to it. This type of agreement provides a fair and transparent framework for valuing the retail store, as it takes into account the cost of the inventory, furniture, equipment, and other fixtures necessary for running the business. It ensures that both parties agree on the value of the goods and ensures a smooth transition of ownership. There are no specific variations or different types of Wayne Michigan Agreements for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage. However, variations can occur in terms of the specific percentage added to the invoice cost. The agreement can be tailored to suit the needs and preferences of both the buyer and seller, as long as they come to a mutual agreement. Keywords: Wayne Michigan, agreement for sale, retail store, sole proprietorship, goods, fixtures, invoice cost, percentage, legal document, terms and conditions, buyer, seller, inventory, furniture, equipment, valuation, ownership transfer.

The Wayne Michigan 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 Wayne, Michigan. This agreement is specifically designed for situations where both the goods and fixtures of the store are included in the sale. The agreement includes details such as the names and addresses of both the seller (sole proprietor) and the buyer, the location and description of the retail store, and the terms of the sale. It outlines that the sale will be based on the invoice cost of the goods and fixtures, which is the original purchase price, plus a predetermined percentage added to it. This type of agreement provides a fair and transparent framework for valuing the retail store, as it takes into account the cost of the inventory, furniture, equipment, and other fixtures necessary for running the business. It ensures that both parties agree on the value of the goods and ensures a smooth transition of ownership. There are no specific variations or different types of Wayne Michigan Agreements for Sale of Retail Store by Sole Proprietorship with Goods and Fixtures at Invoice Cost Plus Percentage. However, variations can occur in terms of the specific percentage added to the invoice cost. The agreement can be tailored to suit the needs and preferences of both the buyer and seller, as long as they come to a mutual agreement. Keywords: Wayne Michigan, agreement for sale, retail store, sole proprietorship, goods, fixtures, invoice cost, percentage, legal document, terms and conditions, buyer, seller, inventory, furniture, equipment, valuation, ownership transfer.