Bill of Sale
This Bill of Sale is made on [Date of sale] between [Seller full name], of [Seller address] ("Seller"), and [Buyer full name], of [Buyer address] ("Buyer"). Seller is the owner of the personal property described below and has agreed to sell it to Buyer, and Buyer has agreed to buy it, on the terms below. Seller and Buyer are each a "Party" and together the "Parties".
1. Property Sold
Seller sells, transfers and conveys to Buyer all of Seller’s right, title and interest in the following personal property: [Description of the property], bearing serial, hull or identification number [Serial, hull or identification number (or "None")], together with all accessories, manuals, keys and documents relating to it that are in Seller’s possession (the "Property").
2. Purchase Price and Payment
The purchase price for the Property is [Purchase price] (the "Purchase Price"), paid by: [How the price is paid]. Seller acknowledges receipt of the Purchase Price in full, except that if payment is by personal check, title to the Property passes to Buyer only when the check has cleared, and Seller may retain possession until then. Sales or use tax on this sale, if any, shall be paid by: [Sales or use tax, if any, paid by]. Any registration, title or transfer fee shall be paid by Buyer.
3. Delivery and Risk of Loss
Delivery of the Property shall be as follows: [Delivery], on or before [Delivery date (or the date of sale)]. Title to the Property passes to Buyer on payment of the Purchase Price, and risk of loss or damage passes to Buyer on delivery. Until delivery, Seller shall keep the Property in the condition it was in when Buyer inspected it, ordinary wear excepted. If the Property is lost or materially damaged before delivery, Buyer may cancel this sale and receive a refund of the Purchase Price.
4. Warranty of Title
Seller warrants that: (a) Seller is the sole legal owner of the Property and has full right and authority to sell it; (b) the Property is free of all liens, security interests, loans, leases and claims of any kind, and no other person has any interest in it; (c) the Property is not stolen and Seller acquired it lawfully; and (d) Seller will defend Buyer’s title against any claim by any person arising from events before delivery. If any lien or claim against the Property exists, Seller shall pay and discharge it before delivery or the Purchase Price shall be reduced by the amount needed to clear it.
5. Condition; As Is
The Property is sold AS IS and WHERE IS, with all faults. Except for the warranty of title in Section 4, Seller makes no warranty of any kind, express or implied, about the Property, including any implied warranty of merchantability or fitness for a particular purpose, and any such warranty is disclaimed. Seller does not warrant the age, mileage, hours, capacity, performance, safety or future reliability of the Property.
Seller discloses the following known defects or issues: [Known defects or issues disclosed by seller (or "None")]. Buyer acknowledges having had the opportunity to inspect the Property, or to have it inspected by a person of Buyer’s choice, and is buying it in reliance on that inspection and Seller’s disclosures and not on any other statement or description. Nothing in this Section excuses a fraudulent misrepresentation by Seller.
6. Indemnity
Seller shall indemnify Buyer against any claim, loss or expense arising from Seller’s ownership or use of the Property before delivery, including any lien, fine, toll or fee attributable to that period. Buyer shall indemnify Seller against any claim, loss or expense arising from Buyer’s ownership or use of the Property after delivery, including any injury, damage or liability caused by it. Buyer is responsible for registering the Property in Buyer’s name where the law requires and for insuring it from delivery.
7. Further Assurances
Each Party shall sign any title application, registration form, tax form or other document reasonably requested by the other to complete the transfer of the Property to Buyer, and Seller shall deliver to Buyer any certificate of title, registration or other ownership document for the Property, properly endorsed, at delivery.
8. General
This Bill of Sale is governed by the laws of the State of [Governing law (state)]. It is the entire agreement between the Parties about the Property and supersedes any advertisement, listing, message or prior discussion. It may be amended only in a writing signed by both Parties. If any provision is held invalid or unenforceable, the remainder remains in effect. This Bill of Sale binds and benefits the Parties and their heirs, successors and assigns.
9. Electronic Signatures; Counterparts
This Bill of Sale may be signed electronically and in counterparts, each of which is an original and all of which together are one instrument. The electronic execution record, timestamps and document fingerprints kept by the signing platform are conclusive evidence of its execution and delivery, and a copy of the signed document is as valid as the original for all purposes, including registration where the registering agency accepts it.
Signatures
Seller · Buyer