Fill and Sign the Transfer Business Form

Memorandum of Agreement for Transfer of Business by Sole Proprietorship with Leased Premises Agreement made effective as of the ____ day of __________________, 20____, between _______________________________ (Name of Seller) of _________________ ________________________________________________________________________ _____________________ (street address, city, county, state, zip code) , referred to herein as Seller , doing business as _________________________________________________ (Name of Business) and ___________________________________ (Name of Buyer) , of _____________________________________________________________________ ________________________________________________________________________ __________ (street address, city, county, state, zip code) . I. In consideration of the mutual promises and covenants of the parties, Seller assigns, transfers, and conveys to Buyer all the stock of goods, inventory, 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. III. Buyer, and its successors and assigns, shall have and hold the property forever. Seller covenants with Buyer 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. WITNESS our signatures as of the day and date first above stated. ______________________________ ______________________________ ______________________________ ______________________________ Printed Name & Signature of Seller Printed Name & Signature of Buyer