Fill and Sign the Sole Proprietorship Form

Agreement for Sale of Business by Sole Proprietorship with Leased Premises Agreement made on the ___ day of __________, 20___, between __________________ of (street address, city, county, state, zip code) , referred to herein as Seller , doing business as _________________________ , and ____________________ , a corporation organized and existing under the laws of the state of ______________, with its principal office located at (street address, city, county, state, zip code) , referred to herein as Buyer. I. In consideration of the mutual promises and covenants of the parties, Seller sells, assigns, transfers, and conveys to Buyer all the stock of goods, furniture and fixtures, accounts, and office supplies, including also the lease of the building occupied by Seller at (street address, city, county, state, zip code) . II. The consideration for these assets is $_____________, receipt of which is acknowledged by Seller. The proration of the consideration is as follows: A. Furniture and fixtures: $___________________. B. Stock of Goods: $________________________. C. Office supplies: $ ________________________. D. Accounts receivable: $ ____________________. E. Lease: $_________________________. Total: $__________________ III. Buyer, and its successors and assigns, shall have and hold the property forever. Seller covenants with purchaser that the property is free from all encumbrances; Seller has the legal right to transfer and sell the property; and Seller will defend the title to the property against all persons. It is further a part of the consideration of this transfer that the name of Seller or any part of it shall not be use by Buyer in the operation of the business subsequent to this transfer nor will the name be sold or transferred by Buyer to any other person or persons. This restriction shall not be construed to prohibit the designation by Buyer that it is the successor to Seller. WITNESS our signatures as of the day and date first above stated. ________________________ By___________________________ __________ (Name and Office in Corporation) D/B/A __________________ (Attach schedules and exhibits)