bulk sale

Primary tabs

A bulk sale means the sale, transfer, or assignment of business assets outside of the ordinary course of business by a person or entity. Business assets include, among others, tangible personal property, real property, and intangible assets (e.g., intellectual property rights or goodwill). In contrast, the sale of business assets made within the ordinary course of business is not considered a bulk sale. For example, retail sales to customers would not be a bulk sale.

See also: bulk sales law

[Last updated in December of 2021 by the Wex Definitions Team]