Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Bill Of Sale For Business
1. Parties: Identification of the Seller and Buyer, including full legal names, registration numbers, and registered addresses
2. Background: Context of the sale, brief description of the business, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the document
4. Sale and Purchase: Core provision detailing the transfer of the business and assets from Seller to Buyer
5. Purchase Price: Agreed purchase price, payment terms, and any adjustments
6. Completion: Details of when and how the transfer will be completed, including timing and logistics
7. Assets Included: Comprehensive list of assets included in the sale
8. Excluded Assets: Clear specification of any assets not included in the sale
9. Liabilities: Treatment of existing liabilities and allocation between parties
10. Seller's Warranties: Warranties regarding business ownership, assets, financial statements, and operations
11. Buyer's Warranties: Basic warranties from the buyer regarding authority to purchase and financial capacity
12. Employee Matters: Treatment of employees and compliance with Transfer of Undertakings Act
13. Tax Matters: Allocation of tax liabilities and responsibilities
14. Governing Law: Specification of Danish law as governing law and jurisdiction
15. Signatures: Execution blocks for all parties
1. Intellectual Property: Detailed section on transfer of IP rights when the business has significant IP assets
2. Environmental Matters: Required for businesses with environmental impacts or compliance obligations
3. Real Estate: Required when the business includes property transfers or lease assignments
4. Post-Completion Obligations: Include when there are specific post-sale requirements or transitions
5. Non-Compete Provisions: Include when restricting seller's future business activities
6. Customer and Supplier Contracts: Detailed section when significant contracts require special handling or consent
7. Earn-out Provisions: Include when part of purchase price is contingent on future performance
8. Data Protection: Required when significant personal data is being transferred
9. Transition Services: Include when seller will provide post-completion support
1. Schedule 1 - Asset Register: Detailed inventory of all tangible and intangible assets included in the sale
2. Schedule 2 - Excluded Assets: Comprehensive list of assets explicitly excluded from the sale
3. Schedule 3 - Employee Information: Details of all employees, their terms, and conditions
4. Schedule 4 - Financial Statements: Recent financial statements and management accounts
5. Schedule 5 - Contracts: List of all business contracts being transferred
6. Schedule 6 - Intellectual Property: Details of all IP rights included in the sale
7. Schedule 7 - Properties: Details of any real estate or lease agreements
8. Schedule 8 - Warranties: Detailed warranties given by the seller
9. Appendix A - Completion Obligations: Checklist of actions required at completion
10. Appendix B - Form of Transfer Documents: Templates for any additional transfer documents required
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.