Free Letter of Ownership Transfer for Business Template
Letter of Ownership Transfer for Business
Date: October 24, 2050
Ena Cassin
Manager
BluCurrent
ena@you.mail
Louisville, KY 40201
Dear Ena Cassin,
This letter serves to formalize the agreement regarding the transfer of ownership of [Your Company Name], located at [Your Company Address], from [Your Name] to BluCurrent effective as of November 1, 2050. This transfer encompasses all assets, liabilities, and responsibilities associated with the business.
Agreement
-
Transfer of Ownership: I, [Your Name], hereby transfer all rights, title, and interest in the business to BluCurrent. This includes, but is not limited to, all equipment, inventory, intellectual property, and any existing contracts.
-
Consideration: The total consideration for this transfer shall be $500,000, payable on or before the effective date.
-
Indemnification: Each party agrees to indemnify and hold the other harmless from any claims, losses, or liabilities that may arise from the operations of [Your Company Name] prior to the effective date of this agreement.
-
Governing Law: This agreement shall be governed by and construed in accordance with the laws of the state of Kentucky.
Please indicate your acceptance of this agreement by signing below:
[Your Name]
Owner
[Your Company Name]
Date: October 24, 2050
Ena Cassin
Manager
BluCurrent
Date: October 24, 2050
Please ensure that all conditions outlined herein are met in accordance with our discussions. Should you have any questions or require further clarification, do not hesitate to contact me at [Your Company Email].
Thank you for your cooperation.
Sincerely,
[Your Name]
[Your Company Name]
[Your Company Email]
