Question:

Legal term for selling off the remaining stock as one item?

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I have left in stock some laptops, cameras various accesories. I have found a buyer who is willing to get the whole lot from me. Instead of giving each part of equipment separate prices we agreed on one price for the whole lot. To protect myself in case of smth going terribly wrong I want to put everything in legal writing and name what we are doing clearly legaly so it cannot be misconstrued.

What is the legal term for selling off remaining stock as one item?

If anyone knows, please advice me.

Thank you.

JL

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4 ANSWERS


  1. Short and simle usually works.  When you get into too much verbage loopholes seem to pop up.   You could say something like:

    Clearance sale.

    One lot of miscellaneous items sold as is.  

    No return or refund privileges.  

    Sale final.

    You might also mention who is responsible for picking up the items or if they're to be delivered.


  2. You need to make an inventory of exactly what you are selling regardless of prices.

    Set out in a list all the items and how many of each one and include the list as part of the contract..

    Would it be called - clearance items - job lot .

    Sorry I am not clear on that, but best of luck.

  3. Sounds like a job lot to me

  4. ~Job lot is used a lot.

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