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LSDefine

Simple English definitions for legal terms

bulk sale

Read a random definition: Tenancy for Years

A quick definition of bulk sale:

A bulk sale is when someone sells a lot of things from their business all at once, instead of selling things like they normally do. These things can be physical things like property or things that aren't physical like ideas or good reputation. If someone sells things in the normal way they do business, that's not a bulk sale. For example, if a store sells things to customers, that's not a bulk sale.

A more thorough explanation:

A bulk sale refers to the sale, transfer, or assignment of business assets that are not part of the regular business operations of a person or entity. These assets can include physical property, such as real estate or equipment, as well as intangible assets like intellectual property or goodwill.

It's important to note that a bulk sale is different from a regular sale made within the normal course of business. For example, if a retail store sells products to customers, that is not considered a bulk sale.

  • When a restaurant owner sells all of their kitchen equipment to another restaurant owner, that would be considered a bulk sale.
  • If a software company sells their patent rights to another company, that would also be a bulk sale.

These examples illustrate how a bulk sale involves the transfer of assets that are not part of the regular business operations. In both cases, the sale is not something that would happen on a regular basis, but rather a one-time event that involves a significant amount of assets.

building and loan association | bulk sales law

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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