Business Assets Ownership Transfer Letter
Date: October 24, 2050
Jarvis White
Business Owner
Salt Lake City, UT 84101
jarvis@you.mail
Dear Jarvis White,
I am writing to formally acknowledge the transfer of ownership for the specified business assets as agreed upon in our discussions. This letter serves as the official document for the transfer of assets from [Your Company Name] to Jarvis White.
Agreement Overview:
Assets Involved: The business assets being transferred include but are not limited to:
Office Equipment: All office supplies and equipment currently in use at [Your Company Address].
Inventory: Existing stock held by [Your Company Name] as of the effective date.
Intellectual Property: Rights to any trademarks or patents associated with [Your Company Name].
Effective Date of Transfer: The effective date for this transfer will be November 1, 2050, at which point ownership of the aforementioned assets will be transferred to Jarvis White.
Consideration: The agreed consideration for the transfer of these assets is $50,000, to be paid by Jarvis White to [Your Company Name].
Warranties and Representations: Both parties acknowledge that all descriptions of the assets are accurate, and there are no outstanding liens or encumbrances against them.
Indemnification: Each party agrees to indemnify the other against any losses, liabilities, or claims arising from the ownership and use of the assets post-transfer.
This agreement is binding upon the signatures of both parties:
[Your Name]
Chief Executive Officer
Date: October 24, 2050
Jarvis White
Business Owner
Date: October 24, 2050
Please feel free to reach out if you have any questions or require further details regarding this transfer.
Sincerely,
[Your Name]
Chief Executive Officer
[Your Company Name]
Letter Templates @ Template.net
