Bill of Sale for Corporations

SELLER'S DETAILS

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{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BILL OF SALE

This Bill of Sale (the “Bill of Sale”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”), BETWEEN:

{{seller_company_name}}, a corporation duly registered and existing under the laws of {{seller_jurisdiction}}, with its principal place of business located at {{seller_address}} (hereinafter referred to as the “Seller”);

AND

{{buyer_company_name}}, a corporation duly registered and existing under the laws of {{buyer_jurisdiction}}, with its principal place of business located at {{buyer_address}} (hereinafter referred to as the “Buyer”).

The Seller and the Buyer are hereinafter collectively referred to as the “Parties” and individually as a “Party”.

RECITAL

WHEREAS, the Seller is the lawful owner of the assets described herein and desires to sell such assets to the Buyer;

WHEREAS, the Buyer desires to purchase such assets from the Seller;

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

DESCRIPTION OF ASSETS

The Seller hereby sells, conveys, transfers, and delivers to the Buyer, its successors and assigns, all rights, title, and interest in and to the following assets (hereinafter referred to as the “Assets”):

{{asset_description_1}}

{{asset_serial_number_1}}

{{asset_description_2}}

{{asset_serial_number_2}}

{{asset_description_3}}

{{asset_serial_number_3}}

*(Add additional lines as necessary for all assets being transferred)*

The Assets are sold “as is, where is” without any warranties, express or implied, except as expressly stated herein.

PURCHASE PRICE

The total purchase price for the Assets shall be {{currency}} {{amount}} ({{amount_in_words}}), (the “Purchase Price”).

The Buyer shall pay the Purchase Price to the Seller by way of {{payment_method}} on or before {{payment_due_date}}.

A deposit of {{currency}} {{deposit_amount}} ({{deposit_amount_in_words}}) was paid on {{deposit_date}}, receipt of which is hereby acknowledged by the Seller.

REPRESENTATIONS AND WARRANTIES OF SELLER

The Seller hereby represents and warrants to the Buyer that:

a) The Seller is a corporation duly organized, validly existing, and in good standing under the laws of its jurisdiction of incorporation.

b) The Seller has the full corporate power and authority to enter into this Bill of Sale and to carry out its obligations hereunder.

c) The Seller is the sole legal and beneficial owner of the Assets and has good and marketable title to the Assets, free and clear of all liens, encumbrances, charges, and security interests.

GOVERNING LAW

This Bill of Sale shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

ENTIRE AGREEMENT

This Bill of Sale constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between the Parties.

AMENDMENT

No amendment, modification, or waiver of any provision of this Bill of Sale shall be effective unless in writing and signed by both Parties.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Bill of Sale as of the Effective Date.

_____________________________

SELLER: {{seller_company_name}}

By: {{seller_authorised_signatory_name}}

Title: {{seller_authorised_signatory_title}}

_____________________________

BUYER: {{buyer_company_name}}

By: {{buyer_authorised_signatory_name}}

Title: {{buyer_authorised_signatory_title}}

WITNESSES:

1. _____________________________

Name: {{witness_1_name}}

Address: {{witness_1_address}}

Signature:

2. _____________________________

Name: {{witness_2_name}}

Address: {{witness_2_address}}

Signature: