This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Business Sale Form With Payments In Illinois
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. Outline the payment terms, including the down payment (if any), installment payments, interest rates (if applicable), and the due dates. 5.Read Form CBS-1 Instructions for additional information. Step 1: Identify the business, business assets, or business property being sold or transferred. If you need additional information, you may call our Chicago office weekdays between a.m. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.