Title: BILL OF SALE
Author: Nolo
Last saved by: EBitter

[Choose or delete optional words, phrases, and paragraphs
enclosed in brackets—see instructions in Chapter 10]
Bill of Sale
This is an agreement by __________, herein called "[choose one: transferor/transferors]," and __________, herein called "the corporation."
1.	In return for [choose one: $__________ which represents the fair market value of the business transferred/execution of a promissory note in the principal amount of $_______, with the terms as contained in said note, a copy of which is attached to this agreement] by __________, a California nonprofit corporation, [choose one: I/we] hereby sell, assign, and transfer to the corporation all [choose one: my/our] right, title, and interest in the following property:
All the tangible assets listed on the inventory attached to this bill of sale, and all stock in trade, trade, goodwill, leasehold interests, trade names, and other intangible assets [optional: except __________] of __________, located at __________, __________, __________, California. 
[Optional Clause if Corporation Will Assume Liabilities of the Prior Business or Organization]
[  ] 2.	In return for the transfer of the above property to it, the corporation hereby agrees to assume, pay, and discharge all debts, duties, and obligations that appear on the date of this agreement, on the books and owed on account of said business [optional: except __________]. The corporation agrees to indemnify and hold the [choose one: transferor/transferors] of said business and their property free from any liability for any such debt, duty, or obligation and from any suits, actions, or legal proceedings brought to enforce or collect any such debt, duty, or obligation. 
[End Optional Clause]
[Optional Clause if the Business’s or Organization’s Accounts Receivable Will Be Transferred to the Corporation]
[  ] 3.	[optional: The [choose one: transferor/transferors] hereby [choose one: appoint/appoints] the corporation as [choose one: his/her/their] representative to demand, receive, and collect for itself, all debts and obligations now owing to said business [optional: except __________ ].] The [choose one: transferor/transferors] further [choose one: authorizes/authorize] the corporation to do all things allowed by law to recover and collect such debts and obligations and to use the [choose one: transferor's name/transferors' names] in such manner as it considers necessary for the collection and recovery of such debts and obligations, provided, however, without cost, expense, or damage to the [choose one: transferor/transferors].
[End Optional Clause]
Dated: ____________
____________________
____________, Transferor
____________________
____________, Transferor
____________________
By: 
____________________
____________, President
____________________
____________, Secretary

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