Bill of Sale for Stock offers undisputed sale and transfer of the stock from seller to buyer. This legal document furthermore frees the buyer/s and its successor/s from any liability or claim arising due to defective title or any such unwarranted incidences.
Bill of Sale for Stock document requires various inputs pertaining to the buyer as well as the seller and the property, the subject of the Bill of Sale for Stock document. Describing the property in detail is necessary in order to bring sanctity to the document and its effect. The document furthermore agrees to certify the marketable value and clear title of the said property. Bill of Sale for Stock offers the protection to the buyer from liens, liabilities, encumbrances, and adverse claims if any.
Always Remember
- Both parties that are the seller and the buyer must read the Bill of Sale for Stock document carefully before signing and executing it.
- The seller requires describing the property in detail by adding parity to the transaction.
- Mention the amount in US dollars to the declaration of the consideration in the space provided on the foremost portion of the Bill of Sale for Stock.
- Understanding the undertaking pertaining to obligations and claims is necessary for the seller as well as for the buyer.
- Bill of Sale for Stock document indemnifies Buyer/s as well as lawful successors of buyer/s free from liabilities and unforeseen claims if any.
Enter the total amount of the transaction in US dollars in the foremost portion of Bill of Sale for Stock. The following line has space reserved for the input of the legal name of the seller followed by the address.
Mention the address in legitimate form starting from the street address, county, state, and zip code. Proceed with writing the buyer’s legal name in the space offered for the same. Continue with entering buyer’s street address, county, state, and zip code. Filling these details accurately is very necessary to define the roles of either of the parties pertaining to the Bill of Sale for Stock document.
Describe the property/stock in detail in the last space provided in this section of Bill of Sale for Stock. Property description mentioned in this Bill of Sale for Stock is considered as a base for the future transactions. Therefore, be as descriptive as possible to avoid ambiguity of any sort.
Complete the Bill of Sale for Stock document by singing in the space provided at the end of the page. Signatures of both seller/s and buyer/s are necessary in order to validate the execution and issuance of the document. Make copies of the document and handover to the concerned parties for future reference.
Text Version of the Form
Bill of Sale for Stock
BE IT KNOWN that, for and in consideration of $________, the receipt and sufficiency of which is hereby acknowledged, the undersigned ____________________, an individual whose address is _____________________________ , _____________________________, _____________________________ (hereinafter “Seller”) hereby sells and transfers to _____________________________, an individual whose address is _____________________________ , _____________________________, ___________________________ (hereinafter “Buyer”), _____________________________) shares of common stock of _____________________________. (the “property”).
Seller warrants to Buyer that it has good and marketable title to said property, full authority to sell and transfer said property, and that said property is sold free of all liens, encumbrances, liabilities and adverse claims of every nature and description whatsoever.
Seller further warrants to Buyer that it will full defend, protect, indemnify and hold harmless the Buyer and its lawful successors and assigns from any adverse claim thereto.
Signed this _____ day of________________, 20_____
________________________ (Seller)
________________________ (Buyer)