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AFFIDAVIT OF NO CREDITORS

AFFIDAVIT OF NO CREDITORS


This Affidavit of No Creditors (the “Agreement”) is made and effective [DATE],


BETWEEN:                  

[YOUR COMPANY NAME] (the "Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

[YOUR COMPLETE ADDRESS]


AND:                          

[AFFIANT NAME] (the "Affiant"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

[COMPLETE ADDRESS]

In consideration of the terms and covenants of this agreement, and other valuable consideration, the parties agree as follows:


RECITALS

Affiant is the owner of the stock of merchandise located at [ADDRESS], [CITY], [STATE], more particularly described as follows: [DESCRIPTION], which Affiant proposes to sell and transfer to Company, of [ADDRESS], [CITY], [STATE].

This merchandise is not encumbered.

Affiant has no creditors.




IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.


COMPANY                                                                    AFFIANT


Authorized Signature                                                     Authorized Signature

                 


Print Name and Title                                                      Print Name and Title


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