Define: Private Sale
Private Sale means a privately arranged transaction, outside of public markets, involving two parties transferring ownership of an item, asset or security, without any necessary permits
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Private Sale means a privately arranged transaction, outside of public markets, involving two parties transferring ownership of an item, asset or security, without any necessary permits.
Relevant Circumstances
- Sale or transfer of personal items
- Art sales between collectors
- Sale of animals in a farm setting
- Property transactions directly between owners
- Exchange of securities outside of public markets
Relevant Sectors
- Real Estate
- Art
- FinTech
- Agriculture
- Ecommerce