Bill of Sale in Connection with Sale of Business by Individual or Corporate Seller - Texas 2026

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The document is a Bill of Sale outlining the transfer of various assets from the Seller(s) to the Purchaser(s) for a specified consideration. It details the items being sold, including machinery, equipment, inventory, intellectual property, and other personal property located at a specified premises in Texas. The document includes provisions for warranties, rights under contracts, and obligations of both parties regarding the transfer of ownership and title to the assets.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Seller's name and address in the designated fields. Ensure accuracy as this identifies the party transferring ownership.
Next, fill in the Purchaser's name and address. This is crucial for establishing who will receive the assets.
In Section a), list all tangible personal property being sold, including furniture and equipment. You can add or delete items as necessary.
Proceed to Section b) to detail any inventories included in the sale. Be specific about raw materials and spare parts.
Complete Sections c) through j) by providing information on operating data, contracts, licenses, and any other relevant assets being transferred.
Finally, ensure all signatures are collected from Sellers and Purchasers at the end of the document, including notarization if required.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What voids a bill of sale?

If the seller withholds information from the buyer, or misrepresents the value of an item, this may render a bill of sale null and void.

Is a handwritten bill of sale okay?

That might get you to wonder if a handwritten bill of sale is legally binding. Handwritten bills of sale are indeed contractual agreements so long as they have the right elements.

Who writes the bill of sale, the buyer or seller?

The seller is responsible for drawing up the document, but who should keep the bill of sale once the terms are settled, the documents signed, and the transaction finalized? The short answer is that both the buyer and seller should retain the bill of sale for their records.

What is a bill of sale for a business in Texas?

Q3: What information should be included in a Business Bill of Sale? It should include the names and contact details of both parties, a detailed description of the business and assets being transferred, the purchase price, payment terms, the effective date, and necessary signatures and notarization.

What are common bill of sale mistakes?

Avoid these common errors: ❌Signing the title in the wrong place ❌Not notarizing the bill of sale ❌Forgetting odometer disclosure ❌Using white-out or crossing things out ❌Incomplete buyer/seller information What to do instead? Let the pros at The Notary Shoppe walk you through it.

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What are the common mistakes in bills of sale?

Incomplete Information: One of the most common mistakes when using a bill of sale is not including all the necessary information. This can include missing information about the buyer or seller, the price of the item, the date of the sale, and the condition of the item.

What makes a bill of sale legally binding?

To make a legally binding bill of sale, you must follow state laws and include specific information like the buyers name, sellers name, contact information, description of the item, sale price, date of the sale, sellers signature, and in some cases, the buyers signature.

Can I write my own Texas bill of sale?

Can I use a handwritten bill of sale in Texas? Yes, Texas recognizes handwritten bills of sale as valid, as long as they contain all the necessary information and are signed by both the buyer and the seller.