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LHARC1.EXE
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2240.BLD
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1993-01-06
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#2240
@001 Enter the name of the SELLER:
@002 Enter the name of the BUYER:
@240 Enter a description of the goods:
!241 Enter the total purchase price:
!242 Enter the amount of deposit, if any:
@243 Enter date for the payment of the deposit:
@244 Enter date for payment of the balance of the purchase price:
@245 Enter date for delivery of goods:
@246 Enter place for delivery of goods:
@247 Enter state for governing law:
@248/@248/@248 Enter the number of days before closing for notice:
10 days
30 days
KEY IN VALUE
#2241/#2242 The goods have:
No liens to be assumed
Liens which will be assumed by the BUYER
#if#2242
@300 Enter the description and amount of liens to be assumed:
#endif
#2243/#2244 The risk of loss shall be borne by the:
SELLER
BUYER
#2245/#2246 The transaction:
Has no brokers involved
Was procured by a broker
#if#2246
@667 Enter the name of the procuring broker:
@301 Enter the compensation to be paid and by whom:
#endif
#2247
#end control section
#2240
/* Para. 2240: Contract for bulk sale */
AGREEMENT FOR BULK SALE
@001, referred to as SELLER, and @002, referred to as BUYER,
agree:
SELLER shall sell to BUYER the following goods:
@240
The total purchase price shall be $ @241 (!241 dollars). The
BUYER shall pay a deposit of $ @242 (!242 dollars) no later than
@243. The balance of the purchase price shall be paid no later
than @244.
Delivery of the same shall take place on no later than @245, at
@246.
This sale shall be pursuant to the Section 6 of the Uniform
Commercial Code (referred to herein as the "Bulk Sales Law") of
the State of @247.
SELLER shall provide to BUYER a complete and sworn list of
creditors, including those who assert claims, but which are
disputed by SELLER, even if those claims are groundless or false.
The SELLER shall be under a continuing duty to supplement the
list of creditors if there are any changes or new claims
asserted, even if the same are groundless or false.
At least @248 days before the closing scheduled herein, the BUYER
shall give notice of the transfer, as is provided in the Bulk
Sales Law, to all creditors, including those who are listed as
disputed. The SELLER shall fully cooperate with BUYER in the
mailing of the notices and the provision of information necessary
to complying with the provisions of the Bulk Sales Laws.
#2241
/* Para. 2241: no liens */
There are no liens upon the property to be sold by BUYER, and
BUYER shall indemnify the SELLER from the claims of any entities
to the sold goods.
#2242
/* Para. 2242- Liens, to be assumed */
The BUYER shall assume and pay the following liens on the assets
sold herein:
@300
SELLER shall indemnify the BUYER from any and all other claims to
the assets.
#2243
/* Para. 2243: Risk of loss, SELLER */
The risk of loss to the property shall be borne by the SELLER
until closing. In the event that 5% (five percent) or less of the
value of the goods are lost, at the option of BUYER, the BUYER
may either deduct the value of the damaged goods, or may accept
an assignment of insurance proceeds, and pay the full contract
price.
In the event that more than 5% (five percent) of the value of the
property is destroyed, the BUYER shall have the right to rescind
this contract, or to close, and to accept an assignment of
insurance proceeds.
#2244
/* Para. 2244: Risk of loss, BUYER */
The risk of law shall be borne by the BUYER. SELLER agrees to
cooperate with BUYER in procurement of insurance or other
reasonable risk-reduction measures employed by BUYER.
BUYER shall have the right to terminate this agreement if loss is
caused by a deliberate act of the SELLER.
#2245
/* Para. 2245: No brokers */
Each party represents to the other that there are no brokers or
agents employed in relation to this agreement.
#2246
/* Para. 2246: Broker */
The parties acknowledge that @667 acted as procuring broker
herein, and shall be compensated as follows:
@301
#2247
/* Para. 2247: Bolierplate closing */
Time shall be of the essence in this agreement.
This contract constitutes the entire agreement between the
parties and there are agreements, express or implied, that are
not stated herein. This agreement may only be modified by a
writing executed by both parties herein.
Dated: _______________________________
____________________________________________
@001, by an authorized representative
____________________________________________
@002, by an authorized representative