Sale of a Business Package - Rhode Island 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin with the 'Agreement for Sale of Business - Sole Proprietorship'. Fill in the seller's and buyer's details, including names and addresses, as well as the agreed sale price.
3. Next, complete the 'Asset Purchase Agreement' by listing all assets being sold. Ensure that each item is clearly described to avoid any confusion.
4. Proceed to the 'Bill of Sale for Personal Assets'. Here, you will need to specify personal items included in the sale, ensuring they are free from claims.
5. Fill out the 'Promissory Note' if financing is involved. Include loan amounts, interest rates, and repayment terms.
6. Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This requires landlord approval for lease transfer.
7. Finalize with the 'Non-Competition Covenant by Seller', ensuring that terms regarding future business activities are clear and agreed upon.

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