Legal Definitions - bulk sale

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.