Bill of Sale and Assignment of Service Agreements, Warranties, Permits [and Trade Name]
(MN)

Summary

This bill of sale template effectuates the transfer of a seller's interest in certain personal property to a buyer in connection with the purchase and sale of Minnesota commercial real property. This template includes practical guidance, drafting notes, and optional clauses. A bill of sale is typically negotiated concurrently with the purchase and sale agreement and is attached as an exhibit to the purchase and sale agreement. This bill of sale includes an assignment of service agreements, warranties, permits, and trade name which may alternatively be effectuated by a separate assignment document. This bill of sale should be tailored to the particular transaction and may include a list of personal property that is being conveyed or a general statement that all personal property associated with the real property is being conveyed. For more on assignment agreements, see Assignment and Assumption Agreements. For more information on purchasing and selling commercial real estate in Minnesota, see Purchase and Sale of Commercial Real Property (MN) and Commercial Real Estate Ownership (MN). For more on purchasing and selling commercial real property generally, see Purchasing and Selling Commercial Real Estate Resource Kit.