Legal Definitions - bulk transfer

Bulk transfer is also known as bulk sale. It refers to the sale of a large quantity of goods or assets in a single transaction. This type of sale is usually made by a business that is closing down or changing its operations.

For example, a restaurant owner may decide to sell all of their kitchen equipment, furniture, and supplies in a bulk transfer to another restaurant owner who is just starting out. The buyer would get a good deal on the items because they are buying in bulk, and the seller would be able to get rid of everything at once instead of selling each item individually.

Another example would be a retail store that is going out of business. They may have a bulk transfer sale where they sell all of their remaining inventory to another retailer. This allows the closing store to get rid of everything quickly and the buying store to get a good deal on a large quantity of items.

Overall, bulk transfer is a way for businesses to quickly and efficiently sell a large quantity of goods or assets in a single transaction.