Business OS
Legal AgreementsDue Diligence

Bulk Sale Notice

This Bulk Sale Notice template is used to formally notify creditors of an impending bulk sale of assets, ensuring compliance with relevant bulk transfer laws and providing creditors with an opportunity to protect their interests.

Updated 15d ago
bulk saleasset salecreditor notificationdue diligencebusiness salelegal notice

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DATE

{{date}}

NOTICE TO CREDITORS OF BULK SALE

NOTICE IS HEREBY GIVEN, pursuant to the provisions of the Uniform Commercial Code – Bulk Transfers (or equivalent local legislation) of [Country Name], that a bulk sale is about to be made.

SELLER INFORMATION

The Seller is: {{seller_legal_name}}

Business Address: {{seller_address}}

Type of Business: {{seller_business_type}}

All other business names and addresses used by the Seller within the past three years, if any: {{previous_seller_names_addresses}}

BUYER INFORMATION

The Buyer is: {{buyer_legal_name}}

Business Address: {{buyer_address}}

Type of Business: {{buyer_business_type}}

ASSETS TO BE TRANSFERRED

The assets to be transferred in this bulk sale include: {{description_of_assets_transferred}}. These assets are generally described as {{general_asset_description}} and are currently located at {{asset_location_address}}.

TERMS OF THE SALE

The bulk sale will involve a transfer for consideration of {{sale_consideration_amount}} {{currency}}.

The estimated date of the bulk sale is: {{estimated_sale_date}}.

The location where claims may be filed and payments made is: {{claims_payment_location}}.

CREDITOR CLAIMS

Creditors of the Seller are hereby notified that they must file their claims in writing before the date of the bulk sale at the address specified above. Failure to do so may result in such claims being barred or subordinated in accordance with applicable law.

The total estimated debts of the Seller are {{estimated_seller_debts}} {{currency}}.

FURTHER INFORMATION

Any person desiring to receive further information regarding the bulk sale, including a schedule of the property to be transferred and the list of creditors, may contact {{contact_person_name}} at {{contact_person_email}} or {{contact_person_phone_number}}.

SIGNATURE BLOCK

___________________________

{{buyer_legal_name}} (Buyer)

___________________________

{{seller_legal_name}} (Seller)

Date: {{signature_date}}

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