The Advanced Notice of Bulk Sale is a formal legal document required under Section 6-107 of the Uniform Commercial Code (UCC). It provides official notification to all creditors that a Seller intends to transfer property, including inventory, to a Buyer in a bulk sale transaction.

This notice is crucial for protecting the rights of creditors by ensuring they have the opportunity to:
✔ Inspect the seller’s list of debts and inventory being transferred
✔ File claims before the sale is finalized
✔ Receive transparency regarding whether debts will be paid in full

The document clearly records the business details of both Seller and Buyer, the location of the assets being transferred, the estimated debts, and the date of the bulk transfer.

This template is essential for:

• Businesses undergoing bulk transfers of inventory

• Buyers and sellers who want to ensure compliance with UCC regulations

• Attorneys, accountants, and business advisors managing commercial sales

• Wholesalers, retailers, and distributors involved in large-scale transfers

By using this document, both Seller and Buyer demonstrate compliance with legal obligations and protect themselves from future disputes with creditors.