Republic of the Philippines )
City of (Place) ) S.S.
DEED OF ABSOLUTE SALE OF BUSINESS
KNOW ALL MEN BY THESE PRESENTS:
This Deed of
Absolute Sale is executed by (NAME OF
SELLER), of legal age, single/married, Filipino, and a resident of (Place of Residence) (the “Seller”), in
favor of (NAME OF BUYER), of legal
age, single/married, Filipino, and a resident of (Place of Residence) (the “Buyer”),
WITNESSETH: that
WHEREAS, the Seller has offered to sell to the Buyer and the Buyer has agreed
to purchase from the Seller all Furniture, Fixtures and Equipment owned under Seller’s
name and located at (Place of Store
Branch) branch of (Name of
Store/Shop) in (Address of Store),
including the goodwill over the said (Type
of Business) business, business name, business sign, logo, and any other
interest therein.
NOW, THEREFORE, for and in consideration of (AMOUNT IN WORDS) (Php(Amount
in Figures)), to the Seller in hand paid by Buyer, the receipt of which is
hereby acknowledged to the complete and entire satisfaction of the Buyer,
Seller hereby SELL, TRANSFER, and CONVEY absolutely and forever unto the Buyer,
his/her heirs, assigns, and successors-in-interest all said personal properties
above-described.
That the said personal properties are free from any existing liens and encumbrances
and Seller can freely dispose the same.
IN WITNESS WHEREOF, the parties have hereunto set their hand this (Date), in (Place), Philippines.
(NAME
OF SELLER)
Seller
Witnessed by: (1) ____________________
and (2) ____________________
ACKNOWLEDGMENT
BEFORE ME, a Notary
Public for and in the city named above, this (Date), personally appeared (Name
of Seller), who presented his/her (ID
Details), and who is known to me and to me known to be the same person who
executed this Deed of Absolute Sale and acknowledged to me that the same is
their free and voluntary act and deed.
WITNESS MY HAND
AND NOTARIAL SEAL on the date and place first above written.
Doc. No. _____;
Page No. _____;
Book No._____;
Series of _____.