Business Asset Transfer Quitclaim Deed
Business Asset Transfer Quitclaim Deed
Introduction
This Business Asset Transfer Quitclaim Deed ("Deed") is executed on this 15th day of August, 2050, by and between Jessica Stokes, the current owner of the business assets described below, and Michael Bennett, the recipient of these assets. The purpose of this Deed is to formalize the transfer of business assets as part of a business sale.
Business Asset Transfer Quitclaim Deed
This Deed is made and entered into on August 15, 2050, by and between:
Grantor:
Jessica Stokes
123 Elm Street, Springfield, IL 62704
jessica@email.com
Grantee:
Michael Bennett
456 Oak Avenue, Lincoln, NE 68508
michael@email.com
WHEREAS, the Grantor is the lawful owner of certain business assets and desires to transfer and quitclaim all rights, title, and interest in and to said assets to the Grantee;
NOW, THEREFORE, for and in consideration of the sum of $50,000, the receipt of which is hereby acknowledged, the Grantor does hereby quitclaim, transfer, and assign to the Grantee all of Grantor’s right, title, and interest in and to the following business assets:
|
Asset Description |
Quantity |
Serial Number |
Condition |
Notes |
|---|---|---|---|---|
|
Office Computers |
10 |
ABC123456 |
Good |
Fully operational |
|
Printer |
1 |
XYZ789101 |
Fair |
Needs new toner |
|
Office Furniture |
Various |
- |
Good |
Includes desks and chairs |
|
Filing Cabinets |
5 |
- |
Excellent |
Recently serviced |
|
Company Vehicle |
1 |
123XYZ789 |
Good |
Recent maintenance completed |
IN WITNESS WHEREOF, the parties hereto have executed this Deed as of the day and year first above written.
Grantor:
Jessica Stokes
Date: August 15, 2050
Grantee:
Michael Bennett
Date: August 15, 2050
Witness:
Name: Richard Larkin
Date: August 15, 2050
Contact Information
For any inquiries regarding this Deed, please contact:
[YOUR NAME]
[YOUR EMAIL]
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
