[{"data":1,"prerenderedAt":523},["ShallowReactive",2],{"document-bill-of-sale-immovable-property-D1167":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":185,"customdescription":6,"mdFm":186,"mdProseHtml":522},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"BILL OF SALE This Bill of Sale (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Purchaser desires to purchase and the Vendor desires to sell the following immoveable property, namely: [DESCRIPTION] TITLE The Vendor acquired the immoveable property hereinabove described and presently sold, in virtue of a [DESCRIPTION OF ORIGINAL DEED OF SALE]. POSSESSION The Purchaser shall be the absolute owner of the presently sold property as and from this date and will take possession thereof forthwith; with vacant physical occupancy thereof as and from the [DATE OF OCCUPANCY]; the parties hereto hereby acknowledging that all adjustments will be made between themselves and to their mutual satisfaction, as and from the said Date of occupancy. VENDOR'S DECLARATIONS The Vendor declares and warrants: 1. That the said property is free and clear of all hypothecs and encumbrances whatsoever, save and excepting that certain first hypothec in favor of Vendor, due in virtue of the deed registered at the [CITY] Registry Office under the Number (\"Registration Number\"), which shall be paid and radiated out of the proceeds of this present sale, no new hypothec being created in favor of the said [COMPANY NAME]. 2. That upon execution of the present Deed of Sale, the Purchaser shall have good and marketable title to the property hereinabove described, free and clear of all encumbrances and rights with the exception or the Servitude granted in favor of [NAME], in virtue of a Deed registered at the [CITY] Registry Office under the Number (Registration Number of Servitude). 3. That all assessments and rates, both general and special, affecting the said property, have been paid to date. 4. That he warrants that the presently sold property respects all municipal by-laws and regulations and any governmental regulations which may be applicable. 5. That he warrants that the presently sold property has not been insulated with urea-formaldehyde foam. 6",null,"Bill of Sale Immovable Property","3",45,"doc","https://templates.business-in-a-box.com/imgs/1000px/bill-of-sale_immovable-property-D1167.png","https://templates.business-in-a-box.com/imgs/250px/1167.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1167.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Real Estate","/templates/real-estate-business/",{"label":20,"url":21},"Business Checklists","/templates/business-checklists/","bill sale immovable property","Bill of Sale Immovable Property Template","https://templates.business-in-a-box.com/imgs/400px/1167.png","https://templates.business-in-a-box.com/imgs/600px/1167.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Real Estate & Leases","/templates/real-estate-and-leases/",[39,43,47,51,55,59,63,67,71,74,78,82,86,103,119,137,152,165],{"label":40,"url":41,"thumb":42,"extension":10},"Bill of Sale","/template/bill-of-sale-D1229","https://templates.business-in-a-box.com/imgs/250px/1229.png",{"label":44,"url":45,"thumb":46,"extension":10},"Bill of Sale for Corporations","/template/bill-of-sale-for-corporations-D325","https://templates.business-in-a-box.com/imgs/250px/325.png",{"label":48,"url":49,"thumb":50,"extension":10},"Deed of Sale Real Estate Property","/template/deed-of-sale-real-estate-property-D1172","https://templates.business-in-a-box.com/imgs/250px/1172.png",{"label":52,"url":53,"thumb":54,"extension":10},"Bill of Sale With Encumbrances","/template/bill-of-sale-with-encumbrances-D1230","https://templates.business-in-a-box.com/imgs/250px/1230.png",{"label":56,"url":57,"thumb":58,"extension":10},"Contract of Sale of Commercial Property","/template/contract-of-sale-of-commercial-property-D1169","https://templates.business-in-a-box.com/imgs/250px/1169.png",{"label":60,"url":61,"thumb":62,"extension":10},"Immoveable Property Sale Agreement","/template/immoveable-property-sale-agreement-D1178","https://templates.business-in-a-box.com/imgs/250px/1178.png",{"label":64,"url":65,"thumb":66,"extension":10},"Bill of Sale for a Motor Vehicle","/template/bill-of-sale-for-a-motor-vehicle-D1132","https://templates.business-in-a-box.com/imgs/250px/1132.png",{"label":68,"url":69,"thumb":70,"extension":10},"Offer to Purchase Real Estate Property","/template/offer-to-purchase-real-estate-property-D1190","https://templates.business-in-a-box.com/imgs/250px/1190.png",{"label":68,"url":72,"thumb":73,"extension":10},"/template/offer-to-purchase-real-estate-property-D1189","https://templates.business-in-a-box.com/imgs/250px/1189.png",{"label":75,"url":76,"thumb":77,"extension":10},"Option to Purchase Real Estate Property","/template/option-to-purchase-real-estate-property-D1194","https://templates.business-in-a-box.com/imgs/250px/1194.png",{"label":79,"url":80,"thumb":81,"extension":10},"Assignment of Real Estate Contract and Sale Agreement","/template/assignment-of-real-estate-contract-and-sale-agreement-D1157","https://templates.business-in-a-box.com/imgs/250px/1157.png",{"label":83,"url":84,"thumb":85,"extension":10},"Property Management Agreement","/template/property-management-agreement-D1196","https://templates.business-in-a-box.com/imgs/250px/1196.png",{"description":87,"descriptionCustom":6,"label":88,"pages":89,"size":90,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":95,"keywords":101,"url":102},"Asset Purchase Agreement Prepared By: Your Name Job Title Phone 555.555.5555 Email info@yourbusiness.com www.yourbusiness.com TABLE OF CONTENTS Pages 1 - INTERPRETATION 6 1.1 Definitions 6 Extended Meanings 9 1.3 Interpretation Not Affected by Headings 9 1.4 Applicable Law 9 1.5 Funds 9 1.6 Financial Documents 9 1.7 Invalidity 10 1.8 Business Day 10 1.9 Preamble 10 2 - PURCHASED ASSETS 10 2.1 Purchased Assets 10 2.2 Excluded Assets 11 2.3 Leases and Retention of Ownership Agreements 12 2.4 Removal of Purchased Assets 12 2.5 Forward Commitments 12 2.6 Assets Used in the Business 12 3 - PURCHASE AND SALE 12 3.1 Purchase Price 12 3.2 Default 13 3.3 Balance of Price 13 3.4 Allocation of the Purchase Price 13 3.5 No Assumption of Liabilities 13 3.6 Payment of Taxes 14 3.7 Adjustments 14 3.8 Net Worth Adjustment 14 3.9 Disagreement Regarding Adjustment of Purchase Price 14 3.10 Escrow of Purchase Price 14 4 - CLOSING AND CONDITIONS PRECEDENT TO THE SALE 15 4.1 Closing Date 15 4.2 Conditions Precedent to Closing in Favor of the Purchaser 15 4.2.1 Corporate Authorization 15 4.2.2 Statements 15 4.2.3 Truth of Representations and Warranties 15 4.2.4 Compliance with Terms and Conditions 15 4.2.5 Governmental Approvals 16 4.2.6 Approval of Purchaser's Counsel 16 4.2.7 Prohibited Actions 16 4.2.8 Delivery of Documents and Title Deeds 16 4.2.9 Legal Opinion of Seller's Counsel 16 4.2.10 Non-Competition Agreements 16 4.2.11 Residence 16 4.2.12 Bulk Sale Affidavit 17 4.2.13 Tax Election Form 17 4.2.14 Powers of Attorney 17 4.2.15 Consents 17 4.2.16 Due Diligence 17 4.2.17 No Substantial Damage or Adverse Change 17 4.2.18 No Adverse Legislation 17 4.2.19 Delivery of Documents 17 4.3 Conditions Precedent to Closing in Favor of the Seller 18 4.3.1 Letter of Credit 18 4.3.2 Truth of Representations and Warranties 18 4.3.3 Compliance with Terms and Conditions 18 4.3.4 Legal Opinion of Purchaser's Counsel 18 4.4 Risk of Loss 18 4.5 Notification 19 5 - REPRESENTATIONS AND WARRANTIES OF THE SELLER AND THE PURCHASER 19 5.1 Representations and Warranties of Seller 19 5.1.1 Due Incorporation and Qualification to Carry on Business 19 5.1.2 Binding Nature 19 5.1.3 Title of Assets 19 5.1.4 Options, Commitments 20 5.1.5 No Violation 20 5.1.6 Books and Records 20 5.1.7 Business Conducted in Ordinary Course 20 5.1.8 Leases 21 5.1.9 Uses 21 5.1.10 Work Orders 21 5.1.11 Litigation 22 5.1.12 Proprietary Rights 22 5.1.13 Infringement of Proprietary Rights 22 5.1.14 Compliance with Laws 22 5.1.15 Employment Agreements 23 5.1.16 Labour Unions 23 5.1.17 Labour Practices 23 5.1.18 Pension Plans 23 5.1.19 Restrictive Documents 24 5.1.20 Outstanding Long Term Indebtedness 24 5.1.21 Outstanding Guarantees 24 5.1.22 Insurance 24 5.1.23 Taxes 24 5.1.24 Withholdings 25 5.1.25 Condition of Purchased Assets 25 5.1.26 Clients and Supplies 25 5.1.27 Vacation Pay 25 5.1.28 Residence 25 5.1.29 Knowledge 25 5.1.30 Liabilities 26 5.1.31 Inventories 26 5.1.32 Financial Statements 26 5.1.33 Absence of Certain Developments 26 5.1.34 No Material Adverse Change 27 5.1.35 Other Agreements 27 5.1.36 Environmental Matters 28 5.1.37 Reliance 29 5.1.38 Evidence 29 5.1.39 Standard of Conduct 29 5.2 Representations and Warranties of the Purchaser 29 5.2.1 Due Incorporation 29 5.2.2 Binding Nature 29 5.2.3 No Violation 29 5.3 Survival 30 5.4 Indemnification of the Purchaser 30 5.5 Warranty Work 30 6 - EMPLOYEES 31 6.1 List of Non-Unionized Employees 31 6.2 Employment to Non-Unionized Employees 31 6.3 Claims by Non-Unionized Employees 31 6.4 Pension Plan for Employees 31 6.5 Assumption of Collective Agreement 32 6.6 List of Unionized Employees 32 6.7 Offers to Unionized Employees 32 6.8 Short Term and Long Term Disability 33 6.9 Benefit Plans 33 7 - MUTUAL COOPERATION 33 7.1 Conduct of Business Prior to Closing 33 (a) Conduct Business in Ordinary Course 33 (b) Continue Insurance 33 (c) Perform Obligations 33 7.2 Access for Investigation Prior to Closing 33 7.3 Actions to Satisfy Closing Conditions 34 7.4 Transfer of Purchased Assets 34 7.5 Assistance in Judicial Claims 35 7.6 Collection of Receivables 35 7.7 Accounts Receivable 35 7.8 Differentiation of Products 36 8 - MISCELLANEOUS 36 8.1 Successors and Assigns 36 8.2 Brokers 36 8.3 Legal Fees 36 8.4 Public Announcement 36 8.5 Entire Agreement 36 8.6 Notices 37 8.7 Time of Essence 37 8.8 Counterparts 37 9 - GUARANTEE 37 9.1 Intervention of the Guarantor 37 9.2 Indulgence 38 9.3 Disability of Purchaser 38 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [FIRST PART] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PART] (the \"Seller\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Seller carries on the business of [NUMBER] WHEREAS the Seller has agreed to sell and the Purchaser has agreed to purchase certain assets relating to the Business upon the terms and conditions set forth in this Agreement. NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND AGREEMENTS HEREIN CONTAINED AND OTHER GOOD AND VALUABLE CONSIDERATION, THE [COMPANY NAME] HERETO AGREE AS FOLLOWS: INTERPRETATION Definitions Unless the subject matter or context otherwise requires: \"Affiliate\" has the meaning ascribed to the term \"affiliated corporations\" in the [COUNTRY Business Corporations Act]. \"Associate\" has the meaning ascribed to the term \"associate\" in the [COUNTRY Business Corporations Act]. \"Balance of Price\" has the meaning ascribed thereto in Section 3.1.2. \"Books and Records\" means any books and records (originals or copies thereof) of Seller relating exclusively to the Business including, without limitation, books and records relating to the purchase materials and supplies, the manufacture, assembly and processing of products, sales of products, dealings with customers and franchises, invoices, customer lists, mailing lists, suppliers lists, trademarks and trade names, financial records, personnel records (to the extent permitted by law) and taxes (excluding Seller's income tax and other tax records unrelated to the Business).","Asset Purchase Agreement","37",259,"https://templates.business-in-a-box.com/imgs/1000px/asset-purchase-agreement-D928.png","https://templates.business-in-a-box.com/imgs/250px/928.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#928.xml",{"title":6,"description":6},[96,98],{"label":33,"url":97},"business-legal-agreements",{"label":99,"url":100},"Purchase & Sale Agreements","purchase-sale-agreement","asset purchase agreement","/template/asset-purchase-agreement-D928",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":112,"keywords":117,"url":118},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[113,115],{"label":17,"url":114},"real-estate-business",{"label":20,"url":116},"business-checklists","lease agreement","/template/lease-agreement-D1179",{"description":120,"descriptionCustom":6,"label":121,"pages":122,"size":123,"extension":10,"preview":124,"thumb":125,"svgFrame":126,"seoMetadata":127,"parents":128,"keywords":135,"url":136},"COMPANY NAME:_______________________ Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Purchase Order The following number must appear on all related correspondence, shipping papers, and invoices: P.O. NUMBER: Contact: Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code___________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Purchase Order","1",49,"https://templates.business-in-a-box.com/imgs/1000px/purchase-order-D1411.png","https://templates.business-in-a-box.com/imgs/250px/1411.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1411.xml",{"title":6,"description":6},[129,132],{"label":130,"url":131},"Sales & Marketing","sales-marketing",{"label":133,"url":134},"Bids & Quotes","bids-quotes","purchase order","/template/purchase-order-D1411",{"description":138,"descriptionCustom":6,"label":139,"pages":8,"size":140,"extension":10,"preview":141,"thumb":142,"svgFrame":143,"seoMetadata":144,"parents":146,"keywords":145,"url":151},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":145,"description":6},"non disclosure agreement nda",[147,148],{"label":33,"url":97},{"label":149,"url":150},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":153,"descriptionCustom":6,"label":154,"pages":8,"size":140,"extension":10,"preview":155,"thumb":156,"svgFrame":157,"seoMetadata":158,"parents":160,"keywords":163,"url":164},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":159,"description":6},"letter of intent_acquisition of business",[161,162],{"label":33,"url":97},{"label":33,"url":97},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":166,"descriptionCustom":6,"label":167,"pages":8,"size":168,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":173,"keywords":183,"url":184},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[174,177,180],{"label":175,"url":176},"Finance & Accounting","finance-accounting",{"label":178,"url":179},"Business Loans","business-loan",{"label":181,"url":182},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",false,{"seo":187,"reviewer":199,"legal_disclaimer":203,"quick_facts":204,"at_a_glance":206,"personas":210,"variants":235,"glossary":262,"clauses":296,"how_to_fill":342,"common_mistakes":383,"faqs":408,"industries":436,"comparisons":452,"diy_vs_lawyer":465,"jurisdictions":478,"related_template_ids_curated":499,"schema":510,"classification":511},{"meta_title":188,"meta_description":189,"primary_keyword":190,"secondary_keywords":191},"Bill of Sale — Immovable Property Template (Free Word)","Free bill of sale template for immovable property. Covers purchase price, property description, warranties, title transfer, and closing conditions. Free Word and PDF download.","bill of sale immovable property template",[192,193,194,195,196,197,198],"bill of sale real property template","property bill of sale template word","immovable property transfer document","real estate bill of sale template free","land sale agreement template","property sale contract template","bill of sale real estate word download",{"name":200,"credential":201,"reviewed_date":202},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":205,"legal_review_recommended":203,"signature_required":203,"notarization_required":203},"advanced",{"what_it_is":207,"when_you_need_it":208,"whats_inside":209},"A Bill of Sale for Immovable Property is a legally binding document that records the transfer of ownership of real property — land, buildings, or permanently attached structures — from a seller to a buyer for an agreed purchase price. This free Word download gives you a structured starting point covering all essential transfer terms, which you can edit online and export as PDF before execution and registration.\n","Use it whenever a seller conveys title to real property outside of a full formal deed process, or as a supporting transaction record alongside a deed — including private land sales, commercial property transfers, and estate disposals. It is also used in jurisdictions where a bill of sale serves as the primary instrument of immovable property conveyance.\n","Party identification, full legal property description, purchase price and payment terms, representations and warranties on title and condition, transfer of possession clause, closing conditions, default and remedies, and governing law with signature blocks for both parties and a notary.\n",[211,215,219,223,227,231],{"title":212,"use_case":213,"icon_asset_id":214},"Private property sellers","Documenting a direct land or building sale without a real estate agent","persona-small-business-owner",{"title":216,"use_case":217,"icon_asset_id":218},"Real estate investors","Recording acquisition of residential or commercial properties outside standard agency channels","persona-real-estate-investor",{"title":220,"use_case":221,"icon_asset_id":222},"Business owners","Transferring commercial premises as part of a business asset sale","persona-ceo",{"title":224,"use_case":225,"icon_asset_id":226},"Estate administrators","Selling inherited real property to a buyer and providing a clear transaction record","persona-operations-director",{"title":228,"use_case":229,"icon_asset_id":230},"Corporate legal teams","Documenting intra-group immovable property transfers with a binding sale record","persona-hr-manager",{"title":232,"use_case":233,"icon_asset_id":234},"International buyers and sellers","Formalizing cross-border real property transfers where local deed forms are unavailable","persona-international-employer",[236,240,244,247,251,254,258],{"situation":237,"recommended_template":238,"slug":239},"Transferring residential land or a house in a private sale","Bill of Sale — Immovable Property (Residential)","",{"situation":241,"recommended_template":242,"slug":243},"Selling a commercial building or office premises","Commercial Property Sale Agreement","contract-of-sale-of-commercial-property-D1169",{"situation":245,"recommended_template":88,"slug":246},"Transferring property as part of a full business acquisition","asset-purchase-agreement-D928",{"situation":248,"recommended_template":249,"slug":250},"Documenting a vehicle or titled personal property transfer","Bill of Sale — Motor Vehicle","bill-of-sale-motor-vehicle-D1160",{"situation":252,"recommended_template":105,"slug":253},"Granting a long-term right to use property without transferring title","lease-agreement-D1179",{"situation":255,"recommended_template":256,"slug":257},"Transferring property between family members at a nominal consideration","Gift Deed","gift-deed-D13517",{"situation":259,"recommended_template":260,"slug":261},"Documenting sale of land only, with no structures","Land Sale Agreement","land-purchase-agreement-D13424",[263,266,269,272,275,278,281,284,287,290,293],{"term":264,"definition":265},"Immovable Property","Land and anything permanently attached to it — buildings, fixtures, and infrastructure — as distinguished from movable personal property.",{"term":267,"definition":268},"Conveyance","The legal act of transferring title or ownership of real property from one party to another, typically accomplished through a deed or bill of sale.",{"term":270,"definition":271},"Legal Description","A formal, precise description of a parcel of land using metes and bounds, lot-and-block reference, or cadastral survey data — used to uniquely identify the property in public records.",{"term":273,"definition":274},"Title","The legal right to own, use, and dispose of a piece of real property, evidenced by a deed or registration in a public land registry.",{"term":276,"definition":277},"Encumbrance","Any claim, lien, mortgage, easement, or restriction on a property that may limit the owner's right to use or transfer it freely.",{"term":279,"definition":280},"Warranty of Title","A seller's contractual promise that they hold clear title to the property and that no undisclosed encumbrances or third-party claims exist.",{"term":282,"definition":283},"Closing","The final step of a property transaction at which the purchase price is paid, documents are executed, and ownership is formally transferred.",{"term":285,"definition":286},"Notarization","The authentication of a document's signatures by a licensed notary public, required in most jurisdictions for real property transfer instruments to be recorded.",{"term":288,"definition":289},"Consideration","The price or value exchanged for the property — typically the agreed purchase price in monetary terms, but can include other forms of value in non-arm's-length transactions.",{"term":291,"definition":292},"Easement","A right granted to a third party to use a portion of the property for a specific purpose — such as a right-of-way or utility corridor — that survives ownership changes.",{"term":294,"definition":295},"Lien","A legal claim against a property by a creditor — such as a mortgage lender or tax authority — that must typically be satisfied before clear title can pass to a buyer.",[297,302,307,312,317,322,327,332,337],{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Parties and Recitals","Identifies the seller and buyer as legal entities or individuals with full names and addresses, and states the basic intent of the transaction.","This Bill of Sale is entered into as of [DATE] by and between [SELLER FULL LEGAL NAME], residing at [SELLER ADDRESS] ('Seller'), and [BUYER FULL LEGAL NAME], residing at [BUYER ADDRESS] ('Buyer').","Using informal or trade names instead of legal entity names. If the seller is a company, the registered corporate name must appear — not a trading name — or the transfer may be challenged as made by an entity without authority.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Property Description","Provides the full legal description of the property being sold, including cadastral reference, lot-and-block number, civic address, and any appurtenant rights being conveyed.","Seller hereby sells and transfers to Buyer the following described immovable property: [FULL LEGAL DESCRIPTION INCLUDING LOT, BLOCK, SUBDIVISION, MUNICIPALITY, AND CADASTRAL REFERENCE], together with all buildings, fixtures, and improvements thereon ('Property').","Using only the civic address instead of the full legal description. A street address can change or be ambiguous; the legal description is the definitive identifier in land registries and courts.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Purchase Price and Payment Terms","States the total consideration, the amount paid at signing (deposit), the balance due at closing, and the accepted payment method.","The total purchase price for the Property is [CURRENCY] [AMOUNT] ('Purchase Price'), payable as follows: (a) a deposit of [AMOUNT] upon execution of this Agreement; (b) the balance of [AMOUNT] by certified cheque or wire transfer at Closing on or before [CLOSING DATE].","Omitting the payment method and timeline. Courts have found that an unspecified payment deadline and method creates an implied 'reasonable time' obligation — which is litigated differently in every jurisdiction.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Representations and Warranties of Seller","The seller's binding promises about the state of title, the absence of undisclosed encumbrances, and — where agreed — the physical condition of the property.","Seller represents and warrants that: (a) Seller holds good and marketable title to the Property free of all encumbrances except as disclosed in Schedule A; (b) Seller has full legal authority to sell the Property; (c) there are no pending legal proceedings affecting the Property.","Drafting the warranties as representations only, without specifying they survive closing. Post-closing title defects or undisclosed encumbrances discovered after the transaction will be unactionable if the warranties expired at closing.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Disclosure of Encumbrances and Easements","Lists all known mortgages, liens, easements, restrictions, and covenants that will survive the transfer, and confirms which will be discharged at or before closing.","The Property is sold subject to the following encumbrances disclosed herein: [LIST ENCUMBRANCES, OR 'None']. Seller shall discharge the following at or before Closing: [LIST].","Leaving the encumbrance schedule blank or writing 'none' without conducting a title search first. An undisclosed lien discovered post-closing creates immediate liability for the seller and can cloud the buyer's title.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Transfer of Possession and Risk","Specifies the date the buyer takes physical possession of the property and the point at which the risk of loss or damage shifts from seller to buyer.","Possession of the Property shall be delivered to Buyer on [POSSESSION DATE]. Risk of loss or damage to the Property shall pass to Buyer upon delivery of possession.","Not distinguishing between the closing date and the possession date. In many transactions these differ — closing may occur remotely while physical possession transfers days later — and the party bearing risk during the gap is unspecified without this clause.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Closing Conditions","Sets out the conditions each party must satisfy before the transaction closes — title clearance, discharge of liens, regulatory approvals, and financing confirmation.","Closing is conditional upon: (a) Buyer receiving a title search confirming marketable title; (b) discharge of all encumbrances listed for discharge in Schedule A; (c) receipt of all required municipal or regulatory approvals; (d) Buyer's financing being confirmed in writing by [DATE].","Omitting a financing condition for buyers who have not yet secured final mortgage approval. If the buyer cannot fund and no condition protects them, they may forfeit the deposit and face a damages claim.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Default and Remedies","Defines what constitutes a default by either party, the notice and cure period, and the remedies available — including deposit forfeiture, specific performance, and damages.","If Buyer defaults, Seller may retain the deposit as liquidated damages and terminate this Agreement. If Seller defaults, Buyer may seek specific performance or recover all amounts paid plus documented costs. Either party must provide [X] days' written notice before exercising remedies.","Treating deposit forfeiture as the only remedy for buyer default. In high-value transactions, liquidated damages may be inadequate to cover the seller's actual loss from a failed closing — and courts in several jurisdictions will award additional damages if actual loss is proven.",{"name":338,"plain_english":339,"sample_language":340,"common_mistake":341},"Governing Law, Notarization, and Registration","Specifies the jurisdiction whose law governs the agreement, confirms the notarization requirement, and assigns responsibility for filing the transfer in the public land registry.","This Agreement shall be governed by the laws of [JURISDICTION]. The parties acknowledge that this instrument must be notarized and registered in the [LAND REGISTRY / CADASTRE] of [MUNICIPALITY / REGION]. Buyer shall bear all registration and transfer taxes unless otherwise agreed.","Omitting who bears transfer taxes and registration fees. These costs vary widely by jurisdiction and are a common source of post-signing disputes when not allocated explicitly.",[343,348,353,358,363,368,373,378],{"step":344,"title":345,"description":346,"tip":347},1,"Identify the parties with full legal names and addresses","Enter the seller's and buyer's full legal names exactly as they appear on government-issued identification or corporate registration documents. Include complete mailing addresses for both parties.","For corporate sellers or buyers, confirm the registered entity name and jurisdiction of incorporation before signing — a mismatch with the title registry record can void the transfer.",{"step":349,"title":350,"description":351,"tip":352},2,"Insert the full legal description of the property","Obtain the legal description from the current deed, title certificate, or land registry record and copy it verbatim. Include lot number, block, subdivision, cadastral reference, and municipality.","Never rely on Google Maps or a tax bill for the legal description — pull it directly from the land registry or a licensed surveyor's report.",{"step":354,"title":355,"description":356,"tip":357},3,"State the purchase price, deposit, and payment method","Enter the total agreed price, the deposit amount due at signing, the balance payable at closing, and the accepted payment method (certified cheque, wire transfer). Include the closing date.","State the currency explicitly — especially in cross-border transactions — to avoid disputes if exchange rates shift between signing and closing.",{"step":359,"title":360,"description":361,"tip":362},4,"Complete the encumbrance schedule","Commission a title search and list every mortgage, lien, easement, covenant, and restriction. For each encumbrance, state whether it survives the transfer or will be discharged at closing and by whom.","Order the title search before finalizing the sale price — an undisclosed lien or easement can materially affect property value and should be factored into negotiations.",{"step":364,"title":365,"description":366,"tip":367},5,"Draft the seller's representations and warranties","Confirm that the seller represents good and marketable title, authority to sell, no pending litigation, and no undisclosed defects. Specify whether warranties survive closing and for how long.","A 12-month post-closing warranty survival period is a common negotiated standard — shorter favors the seller; longer favors the buyer.",{"step":369,"title":370,"description":371,"tip":372},6,"Set the closing conditions and possession date","List every condition that must be satisfied before closing — title clearance, lien discharges, financing confirmation, and any regulatory approvals. State the possession date separately from the closing date if they differ.","Set a condition-satisfaction deadline at least 5 business days before the closing date to allow time to address any last-minute title or financing issues.",{"step":374,"title":375,"description":376,"tip":377},7,"Define default, remedies, and governing law","State the notice period required before either party can exercise remedies, what happens to the deposit on buyer default, and whether specific performance is available to the buyer. Select the governing jurisdiction explicitly.","In Quebec and civil-law jurisdictions, specific performance is the default remedy for real property contracts — buyers may be compelled to complete. Confirm whether this aligns with your intent.",{"step":379,"title":380,"description":381,"tip":382},8,"Execute before a notary and register the transfer","Both parties must sign in front of a licensed notary. After execution, file the instrument in the applicable land registry or cadastre within the required timeframe to protect the buyer's title against third-party claims.","Delays in registration can expose the buyer to competing claims — in most jurisdictions, priority among competing transferees goes to the first party to register, not the first to sign.",[384,388,392,396,400,404],{"mistake":385,"why_it_matters":386,"fix":387},"Using only the civic address to describe the property","A street address is not a legally sufficient property identifier and can be ambiguous or subject to municipal renumbering. Land registry offices will reject an instrument without a proper legal description.","Pull the full legal description from the current deed or land registry record and include it verbatim in the property description clause.",{"mistake":389,"why_it_matters":390,"fix":391},"Failing to commission a title search before signing","An undisclosed mortgage, tax lien, or easement discovered after signing can make the property unsellable at the agreed price and expose the seller to damages for breach of warranty.","Require a clean title search as a closing condition and attach the search results as a schedule to the agreement before execution.",{"mistake":393,"why_it_matters":394,"fix":395},"Omitting a financing condition for the buyer","A buyer who cannot secure financing and has no contractual escape clause forfeits their deposit and may face a lawsuit for the seller's additional losses from a failed closing.","Include an explicit financing condition with a deadline — typically 15–21 days after signing — that allows the buyer to withdraw without penalty if financing is not confirmed.",{"mistake":397,"why_it_matters":398,"fix":399},"Not specifying who bears transfer taxes and registration fees","Transfer taxes on real property can reach 3–5% of the purchase price in many jurisdictions — an unallocated cost becomes a post-signing dispute that delays or derails closing.","State explicitly in the closing costs clause which party is responsible for land transfer tax, stamp duty, registration fees, and notarial fees.",{"mistake":401,"why_it_matters":402,"fix":403},"Signing after possession has already transferred","A buyer already in possession of the property has given up nothing new at the time of signing — restrictive covenants and condition clauses may be unenforceable, and the seller loses leverage to negotiate terms.","Execute the bill of sale before the buyer takes any possession of or control over the property, even informally.",{"mistake":405,"why_it_matters":406,"fix":407},"Not having the document notarized before filing","Most land registries reject instruments that are not authenticated by a notary. An unnotarized bill of sale provides no public notice of the transfer and leaves the buyer vulnerable to competing claims.","Schedule notarization as part of the closing process — never treat it as an afterthought. Both parties must be present or represented by a notarized power of attorney.",[409,412,415,418,421,424,427,430,433],{"question":410,"answer":411},"What is a bill of sale for immovable property?","A bill of sale for immovable property is a legally binding document that records the transfer of ownership of real property — land, buildings, or permanently attached structures — from a seller to a buyer for an agreed purchase price. It identifies both parties, describes the property by legal description, states the consideration and payment terms, and includes the seller's warranties of title. In jurisdictions that use civil-law systems, a notarized bill of sale may serve as the primary instrument of conveyance registered in the public land registry.\n",{"question":413,"answer":414},"What is the difference between a bill of sale and a deed for real property?","A deed is the instrument that formally transfers legal title to real property and is the standard instrument in common-law jurisdictions such as most US states and the UK. A bill of sale records the commercial transaction — purchase price, payment terms, warranties, and closing conditions — and may serve as the conveyance instrument in civil-law jurisdictions or as a supporting transaction record alongside a deed in common-law systems. In Quebec and many continental European countries, the notarized bill of sale is itself the title transfer instrument.\n",{"question":416,"answer":417},"Does a bill of sale for immovable property need to be notarized?","In most jurisdictions, yes. Notarization is typically required for the instrument to be accepted by a land registry for registration, which is the step that gives the buyer's ownership public notice and priority against third-party claims. In Quebec, a notarized act is mandatory for all immovable property transfers. In the US, requirements vary by state — most require notarization for deed recording, and a bill of sale serving a similar function should meet the same standard. Always confirm the specific requirement in the applicable jurisdiction before execution.\n",{"question":419,"answer":420},"What happens if I don't register the bill of sale after signing?","An unregistered transfer is generally valid between the parties but provides no public notice of the change in ownership. In most jurisdictions, priority among competing claims goes to the first party to register — meaning a subsequent buyer or creditor who registers before you can take priority over your unregistered transfer. Buyers should register the instrument in the applicable land registry as promptly as possible after execution.\n",{"question":422,"answer":423},"Can a bill of sale be used to transfer property with an existing mortgage?","Yes, but the mortgage lender's consent is typically required if the mortgage contains a due-on-sale clause, which most residential mortgages do. Without lender consent, the sale may trigger immediate repayment of the outstanding mortgage balance. The bill of sale should include a closing condition requiring discharge or assumption of the mortgage, and the seller remains liable for the outstanding balance until it is fully discharged or the buyer assumes it with lender approval.\n",{"question":425,"answer":426},"Who pays the land transfer tax on a property sale?","Transfer tax allocation is negotiable and should be stated explicitly in the bill of sale. By convention in most jurisdictions, the buyer pays land transfer tax, stamp duty, or registration fees — but the parties can agree to split costs or have the seller bear them. In Quebec, the welcome tax (taxe de bienvenue) is always the buyer's obligation regardless of contractual allocation. Confirm the applicable rate before negotiations, as transfer taxes on high-value properties can reach 3–5% of the purchase price.\n",{"question":428,"answer":429},"Is a financing condition necessary in a bill of sale for immovable property?","A financing condition is strongly recommended for any buyer who has not received unconditional mortgage approval before signing. Without it, a buyer who cannot complete the purchase forfeits their deposit and may face a claim for the seller's additional losses. A standard financing condition allows the buyer 15–21 days to obtain written mortgage confirmation and to withdraw without penalty if financing is not secured.\n",{"question":431,"answer":432},"What warranties should a seller give in a bill of sale for immovable property?","At minimum, a seller should warrant that they hold good and marketable title free of undisclosed encumbrances, that they have full legal authority to sell, that there are no pending legal proceedings affecting the property, and that the property complies with applicable zoning and building regulations. In residential transactions, sellers typically also warrant the absence of latent defects known to them. Buyers should confirm that warranties survive closing for at least 12 months to provide recourse for defects discovered post-transfer.\n",{"question":434,"answer":435},"Do I need a lawyer to complete a bill of sale for immovable property?","Given the value and complexity of real property transactions, legal review is strongly recommended for all parties. In Quebec and most civil-law jurisdictions, a notary is legally required to authenticate the transfer. In common-law jurisdictions, while a lawyer is not always legally mandatory, the risks of an improperly drafted conveyance document — undisclosed encumbrances, unenforceable warranty clauses, or a defective legal description — typically far exceed the cost of a $500–$1,500 legal review.\n",[437,440,444,448],{"industry":17,"icon_asset_id":438,"specifics":439},"industry-real-estate","Private sales between individuals or investors where a formal agent-brokered closing is bypassed, requiring the bill of sale to carry the full weight of the transaction record.",{"industry":441,"icon_asset_id":442,"specifics":443},"Construction and Development","industry-construction","Transfer of developed lots or completed units from a developer to a buyer, often with construction warranties and deficiency holdback amounts referenced in the closing conditions.",{"industry":445,"icon_asset_id":446,"specifics":447},"Manufacturing","industry-manufacturing","Sale of industrial land and plant facilities as part of a business restructuring or plant closure, often bundled with equipment transfers under a separate asset purchase agreement.",{"industry":449,"icon_asset_id":450,"specifics":451},"Professional Services","industry-professional-services","Transfer of office or commercial premises between professional practice owners, including allocation of tenant improvements, fixtures, and lease obligations on attached structures.",[453,456,459,461],{"vs":88,"vs_template_id":454,"summary":455},"asset-purchase-agreement-D13223","An asset purchase agreement covers the sale of a bundle of business assets — equipment, inventory, IP, and goodwill — often including real property as one component. A bill of sale for immovable property focuses exclusively on the real property transfer and is the instrument filed with the land registry. Use an asset purchase agreement for full business acquisitions; use this bill of sale as the land-specific instrument within or alongside that broader transaction.",{"vs":105,"vs_template_id":457,"summary":458},"commercial-lease-agreement-D154","A commercial lease grants a tenant the right to occupy and use a property for a defined term without transferring ownership. A bill of sale transfers title outright in exchange for a purchase price. If the goal is to give a party long-term use of property without selling it, a lease is the correct instrument; if ownership is changing hands, a bill of sale is required.",{"vs":249,"vs_template_id":250,"summary":460},"A motor vehicle bill of sale documents the transfer of a movable, titled personal property asset. An immovable property bill of sale covers real property — land and buildings — which is subject to land registry requirements, transfer taxes, and notarization obligations that do not apply to vehicle transfers. The legal formalities, costs, and registration steps are materially different between the two.",{"vs":462,"vs_template_id":463,"summary":464},"Deed of Sale","D{DEED_OF_SALE_ID}","In common-law jurisdictions, a deed is the primary instrument transferring legal title to real property and is the document recorded in the land registry. A bill of sale documents the commercial terms of the transaction and may serve as the conveyance instrument in civil-law systems. In practice, many transactions use both: the deed passes title; the bill of sale records the agreed purchase price, warranties, and closing conditions that govern the parties' obligations.",{"use_template":466,"template_plus_review":470,"custom_drafted":474},{"best_for":467,"cost":468,"time":469},"Low-value land transfers between parties with a pre-existing agreement and access to a title search","Free","1–2 hours to complete; 1–3 weeks to close including title search and registration",{"best_for":471,"cost":472,"time":473},"Residential or commercial property sales up to $1M where the parties want professional verification of title, encumbrances, and closing conditions","$500–$1,500 for a real estate lawyer or notary review and closing","2–4 weeks",{"best_for":475,"cost":476,"time":477},"High-value commercial or industrial property transfers, multi-parcel transactions, properties with complex encumbrances, or cross-border buyers and sellers","$2,000–$10,000+ depending on transaction complexity and jurisdiction","4–8 weeks",[479,484,489,494],{"code":480,"name":481,"flag_asset_id":482,"note":483},"us","United States","flag-us","Real property transfer in the US is typically accomplished by deed — a warranty deed or quitclaim deed — rather than a bill of sale. A bill of sale may be used as a supplementary transaction record but is generally not the primary recorded instrument. Recording requirements, transfer taxes, and notarization rules vary by state: California imposes a documentary transfer tax; Florida requires a deed to be witnessed by two parties; Texas has no state transfer tax. Buyers should confirm the applicable state requirements before execution.",{"code":485,"name":486,"flag_asset_id":487,"note":488},"ca","Canada","flag-ca","In Quebec, immovable property transfers must be executed by a notary as a notarized act and registered in the land register maintained by the Registre foncier — a bill of sale that is not notarized has no effect against third parties. In common-law provinces (Ontario, BC, Alberta), a transfer deed registered through the provincial land registry is the standard instrument; a bill of sale may serve as the underlying agreement. Provincial land transfer taxes apply in Ontario and BC; Quebec's welcome tax (taxe de bienvenue) is payable by the buyer based on the property value.",{"code":490,"name":491,"flag_asset_id":492,"note":493},"uk","United Kingdom","flag-uk","In England and Wales, real property is transferred by a TR1 transfer form registered at HM Land Registry — not a bill of sale. A bill of sale for land has no legal effect as a conveyance instrument. The sale is typically documented through exchange of contracts followed by completion and registration. In Scotland, a disposition deed is used. Stamp Duty Land Tax (England), Land and Buildings Transaction Tax (Scotland), or Land Transaction Tax (Wales) applies based on purchase price thresholds updated annually.",{"code":495,"name":496,"flag_asset_id":497,"note":498},"eu","European Union","flag-eu","Civil-law systems across the EU — France, Germany, Spain, Italy, the Netherlands — require immovable property transfers to be executed before a notary and registered in the national land or cadastral registry. The notarized instrument is the legally effective conveyance; an unnotarized bill of sale has no effect against third parties. Transfer taxes (droits de mutation in France, Grunderwerbsteuer in Germany) typically range from 3–10% of the purchase price and are generally borne by the buyer. GDPR compliance is relevant when processing personal data of the parties during the transaction.",[246,500,253,501,502,503,504,505,506,507,508,509],"bill-of-sale-for-a-motor-vehicle-D1132","purchase-order-D1411","non-disclosure-agreement-nda-D12692","letter-of-intent_acquisition-of-business-D5197","promissory-note-D434","independent-contractor-agreement-D160","certificate-of-corporate-resolution-D3","general-power-of-attorney-D1037","warranty-deed-D993","investment-policy-statement-D12883",{"emit_how_to":203,"emit_defined_term":203},{"primary_folder":97,"secondary_folder":512,"document_type":513,"industry":514,"business_stage":515,"tags":516,"confidence":521},"real-estate-and-leases","agreement","real-estate","all-stages",[514,517,518,519,520],"legal","contract","bill-of-sale","property-transfer",0.95,"\u003Ch2>What is a Bill of Sale for Immovable Property?\u003C/h2>\n\u003Cp>A \u003Cstrong>Bill of Sale for Immovable Property\u003C/strong> is a legally binding document that records the transfer of ownership of real property — land, buildings, and permanently attached structures — from a seller to a buyer for an agreed purchase price. Unlike a casual receipt or memorandum of agreement, a properly drafted bill of sale identifies both parties by their legal names, describes the property by its full cadastral or registry reference, states the consideration and payment mechanics, and includes the seller's warranties of title and disclosure of all known encumbrances. In civil-law jurisdictions such as Quebec and most of continental Europe, a notarized bill of sale is the primary instrument of conveyance registered in the public land registry; in common-law jurisdictions it frequently accompanies a deed as the governing commercial record of the transaction.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Transferring real property without a comprehensive written instrument leaves both parties exposed in ways that are costly and slow to resolve. A seller without documented warranties can face post-closing claims for undisclosed liens or latent defects years after the transaction closes. A buyer without a financing condition forfeits their deposit — and potentially faces a damages lawsuit — if their mortgage falls through. Without explicit allocation of transfer taxes and registration fees, disputes over thousands of dollars in closing costs routinely delay or collapse transactions at the final stage. A buyer who skips registration after signing an unnotarized agreement may find that a subsequent creditor of the seller registers a competing claim first and takes priority. This template gives you the structured framework — parties, legal description, price, warranties, encumbrances, closing conditions, default remedies, and governing law — to protect both sides of the transaction from signing through registration.\u003C/p>\n",1781185919792]