The vendor’s lien on a business only arises if the sale has been evidenced by a duly registered notarial or private deed.
It relates only to the elements of the business listed in the sale and in the registration, and in the absence of precise designation, only to the sign and trade name, the right to the lease, the clientele and the goodwill.
Separate prices are established for the intangible elements of the business, the equipment and the goods.
The vendor’s lien guaranteeing each of these prices, or what remains due from them, is exercised separately on the respective resale prices relating to the goods, equipment and intangible elements of the business.
Notwithstanding any agreement to the contrary, partial payments other than cash payments shall be applied first to the price of the goods, then to the price of the equipment.
The resale price put into distribution shall be broken down if it applies to one or more items not included in the first sale.