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Documents Required to Sell a Business Depending on the type of business you are selling, you may need an Entity Sale Agreement or an Asset Sales Agreement. Furthermore, if you are financing part of the purchase price, you may need a Security Agreement for Asset Sale, a UCC Financing Statement and a Promissory Note.
The Bill of Sale must be completed by the seller and include all vehicle information (year, make, VIN, sale price, seller's name, address and signature, buyer's name, address and signature).
A New Mexico general bill of sale is a legal document that proves a legal sale and purchase has been executed between two (2) private parties, generally for personal items. The form offers information regarding the seller and buyer, as well as proving a change of ownership.
Is a Bill of Sale required for selling a car in New Mexico? For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
It's a legal requirement to provide a copy of a bill of sale for a motor vehicle transaction to the state Department of Motor Vehicles (DMV).
New Mexico is one of the six states that does require the title or sale form to be notarized to the transfer title or ownership. It applies to both motor vehicles and boats. However, a bill of sale for other personal property is not required to be notarized.
Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
Parts of a Business Sale Agreement Parties. The names and locations of the buyer and seller will be clearly stated in the first paragraph or two of the contract. ... Assets. The agreement will detail the specific assets being transferred. ... Liabilities. ... Terms. ... Disclosures. ... Disputes. ... Notifications. ... Signatures.