Bulk Transfer Agreement
Mass sales limit these sales for two reasons: as an essential (other) creditor protection measure, similar to a spin-off, the transferring company is jointly and severally liable with the acquiring entity for transferred debts (i.e. motivated before such a transfer) for three years, but not the other way around. Joint and several liability also applies to all debts arising from employment contracts due up to the date on which the employment relationship could normally end. This checklist is available to inform you of this document in question and to help you establish it. A mass sale has the advantage of not holding the buyer potentially liable for the seller`s debt. However, the goods themselves may be bound if one of the seller`s creditors has claims against it.