Document background
The Business Bill of Sale is a fundamental document used in the Netherlands when transferring ownership of a business from one entity to another. It serves as the primary instrument for documenting the sale of business assets, operations, and sometimes liabilities, ensuring compliance with Dutch legal requirements. This document is essential when a complete or partial business transfer occurs, requiring detailed documentation of all assets being transferred, purchase terms, warranties, and closing conditions. The agreement must conform to Dutch Civil Code requirements, particularly Books 6 and 7, while addressing specific considerations such as employee rights under the Transfer of Undertaking Act, tax implications, and registration requirements with the Dutch Chamber of Commerce. It provides legal protection for both parties by clearly defining the scope of the transfer and respective obligations.
