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Form #723Sale of Stock of Goods and Fixtures at Invoice Cost Plus
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Sale of Stock of Goods and Fixtures, at Invoice Cost Plus Free Legal Agreement Form
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Sale of stock of goods
and fixtures, at invoice cost plus.
This agreement is entered into this _________[date]
between _________ and _________, buyers, and the _________ Store, composed of
_________ and _________, acting through their duly authorized agent, _________,
seller, both of the County of _________ and State of _________.
1. Seller shall sell to buyer, and buyer shall buy
from seller, all of that certain stock of goods, wares and merchandise now
situated in the store on _________ Street in the Town of _________, _________,
together with all the furniture and fixtures in it, belonging to seller.
2. Upon the execution and delivery of this contract,
properly signed and executed before some officer authorized to take
acknowledgments under the laws of _________, and the payment of the earnest
money by this agreement, the store shall be closed temporarily, and an
inventory taken immediately, and delivered to buyer, at the invoice cost plus
_____%, without including transportation charges or expenses, deducting any
depreciation, on account of damages, wear and tear.
3. The goods, wares and merchandise and furniture and
fixtures shall be inventoried at the invoice plus _____% by seller and buyer,
and if they cannot agree upon the prices for same, original or duplicate
invoices of such goods shall be produced by seller to buyer, to determine the
invoice cost, and the amount of the deductions for damages, wear and tear, then
these values shall be fixed by an arbitration board, consisting of _________ and
_________ and _________, or any two of them, whose decision shall be final and
binding upon buyer and seller.
4. _________ days shall be allowed to complete the
inventories, upon which date all of the property shall be delivered by seller
to buyer.
5. Buyer, in consideration of the premises, shall,
upon the execution of this contract, deposit in escrow in the _________ Bank of
_________, $_____, as earnest money to bind the trade, that sum to be returned
to buyer, in case seller fails to make good title to said property, and upon
the consummation of the deal and the tender by seller to buyer, of h— certain bill of sale to the property, showing that
seller has complied with all the requirements and conditions of the Bulk
Transfer Law of the State of _________, and that they will furnish to buyers a
full and complete list of all creditors of _________ Store, together with the
amounts due the creditors, that the creditors shall be immediately paid in full
such amounts as may be due them, and that the total amount shown to be due by
sellers shall be deposited in escrow in _________ Bank of _________, until all
creditors of _________ Store shall give a release of their claims against
_________ Store or the individual members of it, buyer shall pay to seller the
total amount of the invoice plus _________ percent in cash and the payment
shall be accepted in full payment for the property.
6. All the stipulations, agreements and conditions
contained in this contract are to apply to and bind the heirs, executors and
administrators of the respective parties to this agreement, and in case of
failure, the parties bind themselves, each to the other, in the sum of $_____,
as fixed and settled damages, to be paid by the failing party.
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regading how we deal with your email. We pledge that we will:
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Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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Keywords: legal forms, sales
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