Legal Definitions - Sell

To sell means to transfer ownership of an item, property, or right from one party (the seller) to another party (the buyer), typically in exchange for money or other valuable consideration.

Here are some examples illustrating the concept of selling:

• Example 1: Selling a Used Bicycle
  Sarah decides she no longer needs her old mountain bike. She posts an advertisement online and agrees to meet with Mark, who is interested in buying it. After inspecting the bike, Mark pays Sarah $200, and Sarah hands over the bicycle and a receipt. At this point, Sarah has sold the bicycle to Mark.

  How this illustrates "sell": Sarah (the seller) transferred ownership of the bicycle (the property) to Mark (the buyer) in exchange for $200 (valuable consideration), completing a sale.

• Example 2: A Software Company Selling Licenses
  A technology company develops a new accounting software program. Instead of giving away the software, they offer businesses the right to use it for an annual fee. When a small business pays the fee and receives the authorization to install and use the software, the technology company has sold a software license to that business.

  How this illustrates "sell": The technology company (the seller) transferred a right (the software license) to the small business (the buyer) in exchange for an annual fee, which is a form of valuable consideration.

• Example 3: Selling a Piece of Land
  Mr. Henderson owns a vacant plot of land that he no longer wishes to keep. He works with a real estate agent to find a buyer. After negotiations, a developer agrees to purchase the land for a specific price. Once the legal documents are signed and the funds are transferred, Mr. Henderson has sold the land to the developer.

  How this illustrates "sell": Mr. Henderson (the seller) transferred ownership of the land (the property) to the developer (the buyer) in exchange for the agreed-upon purchase price, thereby completing a sale.