[{"data":1,"prerenderedAt":526},["ShallowReactive",2],{"document-bill-of-sale-D1229":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":185,"customdescription":6,"mdFm":186,"mdProseHtml":525},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"BILL OF SALE This Bill of Sale (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Seller\") , 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: [BUYER NAME] (the \"Buyer\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good and valuable consideration, the Seller hereby sells and transfers possession of the following goods in their present condition and location to the Buyer, and its successors and assigns forever, the following described goods [DETAILED LIST OF GOODS]. Seller warrants and represents that he/she has good title to said property, full authority to sell and transfer same and that said goods and chattels are being sold free and clear of all liens, encumbrances, liabilities and adverse claims, of every nature and description.",null,"Bill of Sale","1",29,"doc","https://templates.business-in-a-box.com/imgs/1000px/bill-of-sale-D1229.png","https://templates.business-in-a-box.com/imgs/250px/1229.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1229.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Sales & Marketing","/templates/sales-marketing/",{"label":20,"url":21},"Marketing & Sales Contracts","/templates/marketing-sales-contracts/","bill sale","Bill of Sale Template","https://templates.business-in-a-box.com/imgs/400px/1229.png","https://templates.business-in-a-box.com/imgs/600px/1229.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Transfers Terminations & Releases","/templates/transfers-terminations-and-releases/",[39,43,47,51,55,59,63,67,71,75,79,83,87,104,122,138,154,170],{"label":40,"url":41,"thumb":42,"extension":10},"Bill of Sale for Corporations","/template/bill-of-sale-for-corporations-D325","https://templates.business-in-a-box.com/imgs/250px/325.png",{"label":44,"url":45,"thumb":46,"extension":10},"Bill of Sale With Encumbrances","/template/bill-of-sale-with-encumbrances-D1230","https://templates.business-in-a-box.com/imgs/250px/1230.png",{"label":48,"url":49,"thumb":50,"extension":10},"Bill of Sale Immovable Property","/template/bill-of-sale-immovable-property-D1167","https://templates.business-in-a-box.com/imgs/250px/1167.png",{"label":52,"url":53,"thumb":54,"extension":10},"Bill of Sale for a Motor Vehicle","/template/bill-of-sale-for-a-motor-vehicle-D1132","https://templates.business-in-a-box.com/imgs/250px/1132.png",{"label":56,"url":57,"thumb":58,"extension":10},"Bill of Lading","/template/bill-of-lading-D1047","https://templates.business-in-a-box.com/imgs/250px/1047.png",{"label":60,"url":61,"thumb":62,"extension":10},"Purchase and Sale Agreement","/template/purchase-and-sale-agreement-D13884","https://templates.business-in-a-box.com/imgs/250px/13884.png",{"label":64,"url":65,"thumb":66,"extension":10},"Checklist Sale of a Business","/template/checklist-sale-of-a-business-D327","https://templates.business-in-a-box.com/imgs/250px/327.png",{"label":68,"url":69,"thumb":70,"extension":10},"Sale of Shares Agreement","/template/sale-of-shares-agreement-D340","https://templates.business-in-a-box.com/imgs/250px/340.png",{"label":72,"url":73,"thumb":74,"extension":10},"Agreement of Purchase and Sale of Shares","/template/agreement-of-purchase-and-sale-of-shares-D322","https://templates.business-in-a-box.com/imgs/250px/322.png",{"label":76,"url":77,"thumb":78,"extension":10},"Bulk Sale Agreement","/template/bulk-sale-agreement-D1231","https://templates.business-in-a-box.com/imgs/250px/1231.png",{"label":80,"url":81,"thumb":82,"extension":10},"Bulk Sale Notice","/template/bulk-sale-notice-D1232","https://templates.business-in-a-box.com/imgs/250px/1232.png",{"label":84,"url":85,"thumb":86,"extension":10},"Conditional Sale Agreement","/template/conditional-sale-agreement-D1235","https://templates.business-in-a-box.com/imgs/250px/1235.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":91,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":96,"keywords":102,"url":103},"TABLE OF CONTENTS Pages 1. INTERPRETATION 5 1.1 Definitions 5 1.2 Generally Accepted Accounting Principles 7 1.3 Headings and References 7 1.4 Extended Meanings 7 1.5 Schedules 7 1.6 Currency 7 1.7 Tender 7 1.8 Performance on Holidays 7 1.9 Calculation of Time 7 1.10 Ordinary Course 7 1.11 \"Material\" and \"Materially\" Defined 7 2. PURCHASE AND SALE 7 2.1 Purchase and Sale and Purchase Price 7 2.1.1 Term and Conditions 7 2.1.2 The Purchase Price shall be paid and satisfied as follows: 7 2.2 Adjustments 7 2.2.1. Net Worth Determination 7 2.2.2. Final Determination of Purchase Price 7 2.2.3. Disputes 7 2.3 Closing 7 2.4 Allocation of Purchase Price 7 2.5 General Adjustments 7 2.6 Accounts Receivable 7 2.7 Liabilities Not Assumed 7 2.8 Transfer Taxes 7 2.9 Non-Assignable Contracts 7 2.10 Increase in Rent on Assignment 7 3. REPRESENTATIONS AND WARRANTIES 7 3.1. Representations and Warranties of the Vendor 7 3.1.1 Corporate Matters 7 3.1.2 Title to Purchased Assets 7 3.1.3 No Options 7 3.1.4 The Financial Statements 7 3.1.5 Undisclosed Liabilities 7 3.1.6 Absence of Changes 7 3.1.7 Absence of Unusual Transactions 7 3.1.8 Tax Matters 7 3.1.9 Books and Records 7 3.1.10 Leases, Material Contracts, etc. 7 3.1.11 Accounts Receivable 7 3.1.12 Consents, Approvals, Etc. 7 3.1.13 Absence of Guarantees 7 3.1.14 Restrictions on Business 7 3.1.15 Absence of Conflicting Agreements 7 3.1.16 Compliance with Applicable [YOUR COUNTRY LAW] 7 3.1.17 Employees 7 3.1.18 Collective Agreements 7 3.1.19 Benefit Plans 7 3.1.20 Litigation 7 3.1.21 Insurance 7 3.1.22 Leases 7 3.1.23 Premises 7 3.1.24 No Expropriation 7 3.1.25 Leased Equipment 7 3.1.26 Licenses 7 3.1.27 Intellectual Property Rights 7 3.1.28 Assets 7 3.1.29 Inventories 7 3.1.30 Forward Commitments 7 3.1.31 Copies of Documents 7 3.1.32 Residency 7 3.1.33 Environmental Matters 7 3.1.34 Occupational Health and Safety 7 3.1.35 Workers' Compensation 7 3.1.36 Disclosure 7 3.1.37 Obligations to Customers 7 3.1.38 Retail Outlets 7 3.2. Representations and Warranties of the Purchaser 7 3.2.1 Incorporation 7 3.2.2 Corporate Power and Due Authorization 7 3.2.3 Enforceability of Obligations 7 3.2.4 Absence of Conflicting Agreements 7 3.2.5 Consents and Approvals 7 3.3. Interpretation 7 3.4. Commission 7 3.5. Qualification of Representations and Warranties 7 3.6. Non-Waiver 7 3.7. Survival of Representations and Warranties of the Vendor 7 3.8. Survival of Representations and Warranties of Purchaser 7 3.9. Knowledge of the Vendor 7 4. OTHER COVENANTS OF THE [COMPANY NAME] 7 4.1. Conduct of Business Prior to Closing 7 4.2. Conduct Business in Ordinary Course 7 4.3. Contracts 7 4.4. Continue Insurance 7 4.5. Comply with [YOUR COUNTRY LAW] 7 4.6. Taxes 7 4.7. Employees 7 4.8. Material Changes 7 4.9. Liens 7 4.10. Action by Vendor 7 4.11. Capital Expenditures 7 4.12. [SPECIFY] Claim 7 4.13. Conduct of Business Prior to Closing 7 4.14. Lease Consents and Estoppel Certificates 7 4.15. Consents and Waivers 7 4.16. Access for Investigation 7 4.17. Delivery of Books and Records 7 4.18. Accounts Receivable 7 4.19. Discharge of Obligations 7 4.20. Cooperation 7 4.21. Employees 7 4.21.1. Offer of Employment 7 4.21.2. Employment Process 7 4.21.3. Indemnification for Severance Claims of Non-Hired Employees 7 4.21.4. Claims Re: Employment Prior to Closing 7 4.21.5. Benefit Plans 7 4.21.6. Termination after Time of Closing 7 4.22. Pension Plan for Employees 7 4.23. Actions to Satisfy Closing Conditions 7 4.24. Disclosure 7 4.25. Injunctions 7 4.26. Action by the Vendor 7 4.27. Competition Act 7 4.28. Bulk Sales Legislation and Provincial Legislation 7 4.29. Consignment Goods and Contractual Rights 7 4.30. [DATE] Financial Statements 7 4.31. Purchaser Radius Clauses 7 5. INDEMNIFICATION 7 5.1 Definitions 7 5.2 Indemnification by the Vendor 7 5.3 Indemnification by the Purchaser 7 5.4 Notice of and the Defense of Third Party Claims 7 5.5 Assistance for Third Party Claims 7 5.6 Settlement of Third Party Claims 7 5.7 Direct Claims 7 5.8 Failure to Give Timely Notice 7 5.9 Payment and Interest 7 5.10 Limitation 7 5.11 Rights in Addition 7 5.12 Survival 7 5.13 Subsequent Recovery 7 5.14 Subrogation 7 5.15 Letter of Credit 7 5.16 Notices to Escrow Agent 7 6. CONDITIONS PRECEDENT 7 6.1 Purchaser's Conditions 7 6.2 Accuracy of Representations and Performance of Covenants 7 6.3 Consents to Assignments 7 6.4 No Material Adverse Change 7 6.5 Litigation 7 6.6 Receipt of Closing Documentation 7 6.7 Non-Competition Agreement 7 6.8 Opinion of Counsel for Vendor 7 6.9 Approval of Board of Directors 7 6.10 Management Agreement 7 6.11 Space and Facilities Agreement 7 6.12 Trade Mark License Agreement 7 6.13 Trade Mark Assignment 7 6.14 Cancellation of Certain Agreements 7 6.15 Environmental Audit 7 6.16 Escrow Agreement 7 6.17 Minimum Number of Leases 7 6.18 Vendor's Conditions 7 6.18.1. Accuracy of Representations and Performance of Covenants 7 6.18.2. Litigation 7 6.18.3. Opinion of Counsel for Purchaser 7 6.18.4. Competition Act 7 6.18.5. Minimum Number of Leases 7 6.18.6. Approval of [SPECIFY] Board of Directors 7 6.18.7. Escrow Agreement 7 6.18.8. Management Agreement 7 6.19 Waiver 7 6.20 Failure to Satisfy Conditions 7 6.21 Destruction or Expropriation 7 7. POST CLOSING OPERATIONS 7 7.1 Failure to Obtain Consent to Assignment of Lease 7 7.1.1. If with respect of any Lease described in Schedule [SPECIFY], the Vendor is unable to obtain any necessary consent, substantially in form or forms approved or deemed approved pursuant to subsection 4.1.10, to the assignment thereof to the Purchaser as herein contemplated at the Time of Closing (a \"Non-Assignable Lease\"), then the Non-Assignable Lease shall not be assigned and the Purchaser shall, in accordance with the terms of a management agreement to be entered into by the parties at Closing, manage the Business as it is carried on at the location covered by the Non-Assignable Lease for the account of the Vendor provided that such agreement does not result in a violation of any Applicable [YOUR COUNTRY LAW] or result in the early termination of the Non-Assignable Lease. 7 7.2 Delivery of Space and Facilities Agreement 7 7.3 Release of Vendor from Lease Covenants 7 7.4 No Hiring of Employees 7 7.5 Access for Taxes 7 7.6 Volume Rebates 7 7.7 Remediation of Certain Outstanding Phase I Violations 7 8. GENERAL 7 8.1 Further Assurances 7 8.2 Time of the Essence 7 8.3 Expenses 7 8.4 Benefit of the Agreement 7 8.5 Entire Agreement 7 8.6 Amendments and Waiver 7 8.7 Assignment 7 8.8 Notices 7 8.9 Confidentiality 7 8.10 Governing [YOUR COUNTRY LAW] 7 8.11 Attornment 7 8.12 Counterparts 7 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Vendor, through its [COMPANY NAME], is in the [SPECIFY] business; AND WHEREAS the Vendor desires to sell and the Purchaser desires to purchase as a going concern the undertaking and substantially all of the assets relating to the business of the Vendor's [COMPANY NAME], upon and subject to the terms and conditions hereinafter set forth; NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the covenants and agreements herein contained the parties hereto agree as follows: INTERPRETATION Definitions In this Agreement, unless something in the subject matter or context is inconsistent therewith:","Asset Purchase Agreement For a Retail Business","71",671,"https://templates.business-in-a-box.com/imgs/1000px/asset-purchase-agreement_for-a-retail-business-D931.png","https://templates.business-in-a-box.com/imgs/250px/931.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#931.xml",{"title":6,"description":6},[97,99],{"label":33,"url":98},"business-legal-agreements",{"label":100,"url":101},"Purchase & Sale Agreements","purchase-sale-agreement","asset purchase agreement for a retail business","/template/asset-purchase-agreement-for-a-retail-business-D931",{"description":105,"descriptionCustom":6,"label":106,"pages":8,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":112,"keywords":120,"url":121},"RECEIPT IN FULL ","Receipt",28,"https://templates.business-in-a-box.com/imgs/1000px/receipt-D395.png","https://templates.business-in-a-box.com/imgs/250px/395.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#395.xml",{"title":6,"description":6},[113,116,119],{"label":114,"url":115},"Finance & Accounting","finance-accounting",{"label":117,"url":118},"Business Loans","business-loan",{"label":114,"url":115},"receipt","/template/receipt-D395",{"description":123,"descriptionCustom":6,"label":124,"pages":8,"size":125,"extension":10,"preview":126,"thumb":127,"svgFrame":128,"seoMetadata":129,"parents":130,"keywords":136,"url":137},"COMPANY NAME:_______________________ Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Purchase Order The following number must appear on all related correspondence, shipping papers, and invoices: P.O. NUMBER: Contact: Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code___________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Purchase Order",49,"https://templates.business-in-a-box.com/imgs/1000px/purchase-order-D1411.png","https://templates.business-in-a-box.com/imgs/250px/1411.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1411.xml",{"title":6,"description":6},[131,133],{"label":17,"url":132},"sales-marketing",{"label":134,"url":135},"Bids & Quotes","bids-quotes","purchase order","/template/purchase-order-D1411",{"description":139,"descriptionCustom":6,"label":140,"pages":141,"size":142,"extension":10,"preview":143,"thumb":144,"svgFrame":145,"seoMetadata":146,"parents":148,"keywords":147,"url":153},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), 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: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":147,"description":6},"non disclosure agreement nda",[149,150],{"label":33,"url":98},{"label":151,"url":152},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":155,"descriptionCustom":6,"label":156,"pages":141,"size":157,"extension":10,"preview":158,"thumb":159,"svgFrame":160,"seoMetadata":161,"parents":162,"keywords":168,"url":169},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[163,164,165],{"label":114,"url":115},{"label":117,"url":118},{"label":166,"url":167},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":171,"descriptionCustom":6,"label":172,"pages":173,"size":174,"extension":10,"preview":175,"thumb":176,"svgFrame":177,"seoMetadata":178,"parents":179,"keywords":183,"url":184},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[180],{"label":181,"url":182},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",false,{"seo":187,"reviewer":200,"legal_disclaimer":204,"quick_facts":205,"at_a_glance":207,"personas":211,"variants":236,"glossary":260,"clauses":293,"how_to_fill":339,"common_mistakes":380,"faqs":405,"industries":433,"comparisons":450,"diy_vs_lawyer":466,"jurisdictions":479,"related_template_ids_curated":500,"schema":512,"classification":513},{"meta_title":188,"meta_description":189,"primary_keyword":190,"secondary_keywords":191},"Bill of Sale Template (Free Word)","Free bill of sale template for vehicles, equipment, and personal property. Covers purchase price, warranties, and transfer of title. Used in 190+ countries. Free Word and PDF download.","bill of sale template",[192,193,194,195,196,197,198,199],"bill of sale template word","bill of sale template free","vehicle bill of sale template","bill of sale form","bill of sale agreement template","simple bill of sale template","equipment bill of sale template","printable bill of sale template",{"name":201,"credential":202,"reviewed_date":203},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":206,"legal_review_recommended":204,"signature_required":204,"notarization_required":185},"medium",{"what_it_is":208,"when_you_need_it":209,"whats_inside":210},"A Bill of Sale is a legally binding document that records the transfer of ownership of personal property — vehicles, equipment, livestock, or goods — from a seller to a buyer in exchange for a stated purchase price. This free Word download gives you a ready-to-edit template you can customize with the asset description, sale terms, and warranty status, then export as PDF and sign at closing.\n","Use it any time you sell or purchase personal property and need a written record of the transaction — particularly for high-value items, private-party sales, or situations where title registration or tax documentation requires proof of purchase price and ownership transfer.\n","Seller and buyer identification, full property description with identifying details, purchase price and payment method, as-is or limited warranty declaration, representations about clear title and liens, transfer of ownership clause, and signature blocks for both parties with date of sale.\n",[212,216,220,224,228,232],{"title":213,"use_case":214,"icon_asset_id":215},"Private vehicle sellers","Documenting a car, truck, or motorcycle sale between individuals","persona-small-business-owner",{"title":217,"use_case":218,"icon_asset_id":219},"Small business owners","Selling surplus equipment, inventory, or business assets to a third party","persona-small-business",{"title":221,"use_case":222,"icon_asset_id":223},"Contractors and tradespeople","Transferring ownership of tools, machinery, or trailers between operators","persona-contractor",{"title":225,"use_case":226,"icon_asset_id":227},"Real estate investors","Conveying personal property included in a property sale separate from the deed","persona-real-estate-investor",{"title":229,"use_case":230,"icon_asset_id":231},"Farmers and ranchers","Recording the sale of livestock, farm equipment, or agricultural goods","persona-farmer",{"title":233,"use_case":234,"icon_asset_id":235},"Retailers and wholesalers","Issuing a formal transfer document for bulk goods or consignment inventory","persona-retailer",[237,241,245,248,251,254,257],{"situation":238,"recommended_template":239,"slug":240},"Selling a car, truck, or motorcycle to a private buyer","Vehicle Bill of Sale","bill-of-sale-for-a-motor-vehicle-D1132",{"situation":242,"recommended_template":243,"slug":244},"Transferring ownership of a boat or watercraft","Boat Bill of Sale","bill-of-sale-D1229",{"situation":246,"recommended_template":247,"slug":244},"Selling heavy machinery or manufacturing equipment","Equipment Bill of Sale",{"situation":249,"recommended_template":250,"slug":244},"Selling livestock or agricultural animals","Livestock Bill of Sale",{"situation":252,"recommended_template":253,"slug":244},"Conveying personal property as part of a business asset sale","Business Bill of Sale",{"situation":255,"recommended_template":256,"slug":244},"Transferring a firearm from one private party to another","Firearm Bill of Sale",{"situation":258,"recommended_template":259,"slug":244},"Selling general personal property in an as-is private sale","General Bill of Sale (As-Is)",[261,263,266,269,272,275,278,281,284,287,290],{"term":7,"definition":262},"A written document that formally records the transfer of ownership of personal property from a seller to a buyer in exchange for a stated consideration.",{"term":264,"definition":265},"As-Is Sale","A transaction in which the buyer accepts the property in its current condition with no warranty from the seller — the buyer assumes all risk of defects.",{"term":267,"definition":268},"Clear Title","Ownership of property that is free from liens, encumbrances, or competing claims by third parties.",{"term":270,"definition":271},"Lien","A legal claim by a creditor against a piece of property, typically securing an unpaid debt, that must be satisfied before clean title can transfer.",{"term":273,"definition":274},"Consideration","The value exchanged in a contract — typically money, but legally can be any form of agreed value — that makes the agreement binding.",{"term":276,"definition":277},"Warranty of Title","A seller's representation that they have the legal right to transfer the property and that no undisclosed claims exist against it.",{"term":279,"definition":280},"Notarization","The process by which a licensed notary public verifies the identities of the signing parties and witnesses the execution of a document.",{"term":282,"definition":283},"VIN (Vehicle Identification Number)","A unique 17-character code assigned to every motor vehicle that identifies the manufacturer, model, year, and individual unit for registration and title purposes.",{"term":285,"definition":286},"Odometer Disclosure","A federally required statement in US vehicle sales in which the seller certifies the mileage shown on the odometer as accurate to the best of their knowledge.",{"term":288,"definition":289},"Personal Property","Movable assets — vehicles, equipment, goods, and livestock — as distinct from real property (land and structures permanently attached to it).",{"term":291,"definition":292},"Transfer of Title","The legal act of conveying ownership rights from one party to another, evidenced by a signed instrument such as a bill of sale or certificate of title.",[294,299,304,309,314,319,324,329,334],{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Parties identification","Names and contact information for both the seller and the buyer, establishing who is transferring ownership and who is receiving it.","This Bill of Sale is entered into on [DATE] by and between [SELLER FULL NAME], residing at [SELLER ADDRESS] ('Seller'), and [BUYER FULL NAME], residing at [BUYER ADDRESS] ('Buyer').","Using a nickname or trade name instead of the full legal name. If the seller's name does not match the title document, registration agencies will reject the transfer.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Property description","A complete and specific description of the item being sold — including make, model, year, serial number, VIN, or other identifying details — so the asset is unambiguously identified.","Seller agrees to sell to Buyer the following property: [YEAR] [MAKE] [MODEL], VIN [VIN NUMBER], color [COLOR], bearing license plate [PLATE NUMBER] in the state of [STATE].","Using a vague description such as 'used truck' without a VIN or serial number. Without a unique identifier, the document cannot be matched to the physical asset for registration or dispute purposes.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Purchase price and payment method","States the total agreed sale price, the currency, and how and when payment is being made — cash, certified check, bank transfer, or installments.","Buyer agrees to pay Seller the total purchase price of $[AMOUNT] USD, payable in full on [DATE] by [CASH / CERTIFIED CHECK / WIRE TRANSFER]. Receipt of payment is hereby acknowledged.","Leaving the price blank or writing 'negotiated separately.' A bill of sale without a stated purchase price loses its value as a tax and title document and is unenforceable as a contract.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"As-is warranty disclaimer","Declares whether the sale is as-is — meaning no warranties — or whether the seller provides limited representations about the property's condition.","The property is sold AS-IS, WHERE-IS, with no representations or warranties of any kind, express or implied, regarding its condition, fitness for a particular purpose, or merchantability. Buyer accepts the property in its current condition.","Omitting a warranty clause entirely, leaving ambiguity about whether implied warranties apply. In jurisdictions that recognize implied warranties of merchantability, silence can create seller liability for undisclosed defects.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Warranty of title and lien disclosure","The seller represents that they have the legal right to sell the property, that they own it outright, and that there are no undisclosed liens, encumbrances, or third-party claims against it.","Seller warrants that Seller is the lawful owner of the property, has the right to sell it, and that the property is free and clear of all liens, encumbrances, and claims of third parties, except as disclosed herein: [NONE / DESCRIBE LIEN].","Failing to disclose a known lien. Transferring property with an undisclosed lien exposes the seller to fraud liability and can void the sale entirely — the lienholder's claim follows the asset, not the seller.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Odometer disclosure (vehicles)","For motor vehicle sales, a federally mandated statement in the US in which the seller certifies the odometer reading at the time of sale as accurate.","Seller certifies that the odometer reading of this vehicle at time of sale is [MILEAGE] miles and, to the best of Seller's knowledge, reflects the actual mileage of the vehicle. [OR: The odometer reading is not the actual mileage — warning: odometer discrepancy.]","Skipping odometer disclosure on vehicle sales. Under the US Federal Odometer Act, sellers who fail to provide accurate written odometer disclosure face civil liability of up to three times actual damages or $10,000, whichever is greater.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Transfer of ownership","The operative clause that formally conveys all of the seller's rights, title, and interest in the property to the buyer as of the sale date.","Seller hereby transfers, assigns, and conveys to Buyer all right, title, and interest in and to the above-described property, effective as of [DATE OF SALE].","Omitting an effective date or using a different date from the signature block. Discrepancies between the transfer date and signature date create disputes about when liability for the asset shifted from seller to buyer.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Governing law","Specifies which jurisdiction's law governs the interpretation and enforcement of the bill of sale.","This Bill of Sale shall be governed by and construed in accordance with the laws of the State of [STATE], without regard to its conflict of laws principles.","Omitting a governing law clause. Without it, courts apply choice-of-law rules that may result in a jurisdiction with different warranty or consumer protection standards being applied to the transaction.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Signatures and acknowledgment","Signature blocks for both seller and buyer with printed names and dates, confirming each party's agreement to the terms and the transfer of ownership.","IN WITNESS WHEREOF, the parties have executed this Bill of Sale as of the date first written above. Seller: [SIGNATURE] / [PRINTED NAME] / [DATE]. Buyer: [SIGNATURE] / [PRINTED NAME] / [DATE].","Only the seller signs the document. Many states and title agencies require the buyer's signature as well to confirm acceptance — an unsigned buyer block weakens the document's evidentiary value in a dispute.",[340,345,350,355,360,365,370,375],{"step":341,"title":342,"description":343,"tip":344},1,"Enter both parties' full legal names and addresses","Use the full legal name of the seller and buyer exactly as they appear on government-issued ID. Include current mailing addresses for both parties.","If the seller is a business entity, use the registered corporate name and include the state of incorporation — not just a trade name.",{"step":346,"title":347,"description":348,"tip":349},2,"Describe the property with all identifying details","For vehicles, include year, make, model, VIN, color, and license plate. For equipment, include manufacturer, model number, and serial number. For general goods, include quantity, condition, and any distinguishing features.","Take a photograph of the asset's serial number or VIN plate at the time of signing — attach it as an exhibit to the signed document.",{"step":351,"title":352,"description":353,"tip":354},3,"State the purchase price and payment method","Enter the full agreed sale price in a specific dollar amount and state the currency. Specify whether payment has already been received or will be made on the signature date, and by what method.","Never leave price blank or write 'TBD' — state the actual amount even if a separate promissory note governs installment terms.",{"step":356,"title":357,"description":358,"tip":359},4,"Select and complete the warranty section","Choose as-is if you are making no representations about condition. If you are providing any limited warranty, describe the scope, duration, and remedy specifically — do not use vague language.","Private party sellers should almost always use the as-is clause. Dealers and businesses may have statutory obligations to provide implied warranties regardless of what the contract says — confirm with local consumer protection law.",{"step":361,"title":362,"description":363,"tip":364},5,"Complete the warranty of title and disclose any liens","Confirm that you own the property outright and have the right to sell it. If any lien exists — such as a bank loan secured by the vehicle — disclose it by name of lienholder and account reference, and describe how it will be satisfied at or before closing.","Run a lien search on equipment or vehicles before signing. A buyer who discovers an undisclosed lien post-sale has grounds to void the transaction and pursue the seller for damages.",{"step":366,"title":367,"description":368,"tip":369},6,"Complete the odometer disclosure for vehicle sales","Enter the exact odometer reading at the time of sale. If the odometer is broken, inaccurate, or has exceeded its mechanical limit, check the appropriate disclosure box and explain the discrepancy.","US federal law requires odometer disclosure in writing for vehicles under 10 years old. Falsifying mileage is a federal crime — document the actual reading regardless of how it compares to prior representations.",{"step":371,"title":372,"description":373,"tip":374},7,"Both parties sign and date the document","Seller and buyer should sign in each other's presence on the same date as the stated transfer date. Print names clearly below each signature. Retain one original copy each.","If the jurisdiction or asset type requires notarization — Louisiana real-property-related personal property, certain state vehicle titles — have a notary witness the signing before leaving the closing.",{"step":376,"title":377,"description":378,"tip":379},8,"File or register with the relevant authority","For vehicles, submit the signed bill of sale to your state DMV or provincial motor vehicle authority along with the certificate of title to complete registration transfer. For equipment or livestock, retain the document in your records.","Check your state's DMV website before closing — some states require a specific state-issued bill of sale form in addition to, or instead of, a private form.",[381,385,389,393,397,401],{"mistake":382,"why_it_matters":383,"fix":384},"Transferring without a VIN or serial number","A bill of sale with only a general description cannot be matched to the physical asset by a DMV, title company, or court. The buyer may be unable to register the property, and disputes about which specific item was sold become impossible to resolve.","Record every available identifying number — VIN for vehicles, serial number for equipment, brand and tag for livestock — directly in the property description clause.",{"mistake":386,"why_it_matters":387,"fix":388},"Omitting the purchase price","A missing or vague price prevents the document from serving as evidence for sales tax calculation, insurance valuation, or legal enforcement. Tax authorities in most jurisdictions will assess fair market value and tax accordingly — often higher than the actual sale price.","State the exact dollar amount in both numerals and words (e.g., '$8,500 USD (Eight Thousand Five Hundred Dollars)') so there is no room for alteration or misreading.",{"mistake":390,"why_it_matters":391,"fix":392},"Failing to disclose a lien on the property","A lien follows the asset, not the seller. A buyer who unknowingly purchases a vehicle with an outstanding auto loan may have it repossessed by the lender — regardless of the bill of sale. The seller faces fraud and breach of warranty claims.","Require a lien payoff letter from any secured creditor before closing, or structure the closing so sale proceeds pay off the lien directly and the buyer receives confirmation of release.",{"mistake":394,"why_it_matters":395,"fix":396},"Only the seller signs the document","Many state DMVs, insurance carriers, and courts treat a buyer signature as confirmation of acceptance of terms — including the as-is condition and stated price. A seller-only signature weakens the document's enforceability and evidentiary value.","Always obtain the buyer's dated signature in the acknowledgment block before the buyer takes possession of the property.",{"mistake":398,"why_it_matters":399,"fix":400},"Using the sale date and signature date inconsistently","If the transfer date in the body of the document differs from the date on the signature line, it creates ambiguity about when ownership — and liability — shifted. Insurance companies use this date to determine coverage; tax authorities use it to assess when the sale occurred.","Confirm both parties sign on the same date as the stated date of sale, and verify all three dates (transfer, seller signature, buyer signature) match before the parties leave the closing.",{"mistake":402,"why_it_matters":403,"fix":404},"Skipping odometer disclosure on vehicle sales","The US Federal Odometer Act mandates written disclosure for passenger vehicles under 10 years old. Failure to disclose exposes the seller to treble damages or a $10,000 statutory penalty per violation — and the buyer has no reliable mileage record for resale.","Complete the odometer disclosure field on every motor vehicle bill of sale, recording the exact reading shown on the instrument cluster at the time of signing, and have the seller sign the disclosure separately if required by your state.",[406,409,412,415,418,421,424,427,430],{"question":407,"answer":408},"What is a bill of sale?","A bill of sale is a written legal document that records the transfer of ownership of personal property — such as a vehicle, equipment, or goods — from a seller to a buyer in exchange for a stated purchase price. It identifies both parties, describes the asset being transferred, confirms the price and payment method, and includes any warranty or as-is disclosures. Once signed by both parties, it serves as legal evidence that the sale occurred and that ownership has changed hands.\n",{"question":410,"answer":411},"When do I need a bill of sale?","You need a bill of sale any time you transfer ownership of personal property and want a written record of the transaction. It is most commonly required for vehicle sales — where the DMV needs it to process a title transfer — but it is also standard practice for equipment, livestock, watercraft, and bulk goods. Even when not legally mandated, a bill of sale protects both parties by documenting the agreed price, condition, and transfer date.\n",{"question":413,"answer":414},"Is a bill of sale legally binding?","Yes — a properly executed bill of sale is generally enforceable as a contract in most jurisdictions when it identifies the parties, describes the property, states a purchase price (consideration), and is signed by the seller. Adding the buyer's signature strengthens enforceability. Some asset types and states require notarization or a state-specific form for the document to be accepted by registration authorities.\n",{"question":416,"answer":417},"What is the difference between a bill of sale and a title?","A title (certificate of title) is the official government document proving ownership of a registered asset such as a vehicle or boat — issued and maintained by the state DMV or equivalent authority. A bill of sale is a private contract between the parties documenting the terms of the sale. In most states, both documents are required to complete a vehicle ownership transfer: the bill of sale records the transaction details, and the signed-over title is submitted to the DMV to update the official ownership record.\n",{"question":419,"answer":420},"Does a bill of sale need to be notarized?","In most US states and Canadian provinces, notarization is not required for a standard bill of sale to be valid between the parties. However, some states — including Louisiana and Montana for vehicle titles — require notarization for the document to be accepted by the DMV. Some buyers also request notarization for high-value transactions as an additional layer of identity verification. Check your state or provincial DMV requirements before the closing date.\n",{"question":422,"answer":423},"Can I sell a vehicle without a title using just a bill of sale?","In most jurisdictions, a bill of sale alone is not sufficient to transfer a vehicle — the buyer also needs a signed-over certificate of title to register the vehicle. Selling without a title is only possible in limited circumstances, such as very old vehicles exempt from title requirements or bonded title processes. Buying a vehicle with no title carries significant risk: the buyer may be unable to register it, and the vehicle may be subject to outstanding liens or theft flags.\n",{"question":425,"answer":426},"What does 'as-is' mean in a bill of sale?","An as-is clause means the buyer accepts the property in its current condition with no warranty from the seller about fitness, merchantability, or freedom from defects. The seller makes no promise to repair or compensate the buyer for problems discovered after the sale. Private sellers almost always use as-is language to limit post-sale disputes. Note that in some jurisdictions, dealers and businesses may be unable to fully disclaim implied warranties of merchantability even with an as-is clause — consumer protection laws can override the contract.\n",{"question":428,"answer":429},"Do both the buyer and seller need to sign a bill of sale?","Technically, a bill of sale is a seller's instrument — the seller's signature is the minimum required to create a binding transfer in most jurisdictions. However, obtaining the buyer's signature is strongly recommended because it confirms the buyer's acceptance of the stated price, the as-is condition, and all other terms. Many state DMVs and insurance carriers specifically require a buyer signature, and it substantially strengthens the document's value as evidence in a dispute.\n",{"question":431,"answer":432},"How should I handle a bill of sale for a vehicle with an outstanding loan?","You must disclose the lien in the warranty of title clause and arrange for it to be paid off as part of the closing. The safest approach is a structured closing where the buyer's payment is split: the lien payoff goes directly to the lender, and any remaining proceeds go to the seller. The lender then issues a lien release letter, which the buyer needs to obtain clean title. Never transfer a vehicle without disclosing a known lien — doing so exposes the seller to fraud liability.\n",[434,438,442,446],{"industry":435,"icon_asset_id":436,"specifics":437},"Automotive and Transportation","industry-automotive","Vehicle bills of sale must include VIN, odometer disclosure, and often a state-specific form alongside the private document for DMV title transfer.",{"industry":439,"icon_asset_id":440,"specifics":441},"Construction and Trades","industry-construction","Equipment and tool transfers between contractors require serial numbers and UCC lien searches to confirm the seller holds unencumbered title.",{"industry":443,"icon_asset_id":444,"specifics":445},"Agriculture and Farming","industry-agriculture","Livestock bills of sale often must include brand registration numbers or health certificates, and some states require filing with the county clerk.",{"industry":447,"icon_asset_id":448,"specifics":449},"Manufacturing and Wholesale","industry-manufacturing","Bulk goods and surplus inventory transfers use bills of sale as primary accounting records for tax and customs purposes, with itemized line descriptions required.",[451,455,458,462],{"vs":452,"vs_template_id":453,"summary":454},"Purchase Agreement","business-purchase-agreement-D1376","A purchase agreement is a detailed contract that governs the terms of a sale before it closes — including conditions, representations, and remedies for breach. A bill of sale is the closing document that records the completed transfer of ownership. For complex asset sales, both documents are used: the purchase agreement governs the deal, and the bill of sale evidences its completion.",{"vs":106,"vs_template_id":456,"summary":457},"receipt-D395","A receipt confirms that payment has been received but does not formally transfer ownership or include the property description, warranty terms, or title representations required for asset registration. A bill of sale does all of this and serves as the operative transfer document. For any transaction involving a registered or high-value asset, a bill of sale is required — a receipt alone is insufficient.",{"vs":459,"vs_template_id":460,"summary":461},"Invoice","D{INVOICE_ID}","An invoice is a commercial billing document requesting payment for goods or services — it is not a transfer of title instrument. A bill of sale is the document that actually conveys ownership. In a business-to-business equipment sale, you may issue an invoice to trigger payment and a bill of sale to transfer ownership; they serve different functions in the same transaction.",{"vs":463,"vs_template_id":464,"summary":465},"Assignment Agreement","D{ASSIGNMENT_AGREEMENT_ID}","An assignment agreement transfers contractual rights or intangible interests — such as a lease, intellectual property license, or contract position — from one party to another. A bill of sale conveys ownership of tangible personal property. For a sale that includes both physical assets and intangible rights (such as a business sale), you typically need both documents.",{"use_template":467,"template_plus_review":471,"custom_drafted":475},{"best_for":468,"cost":469,"time":470},"Private-party sales of vehicles, equipment, or goods at standard market values with no lien complications","Free","10–20 minutes",{"best_for":472,"cost":473,"time":474},"Sales of high-value assets over $25,000, equipment with existing liens, or cross-state transactions","$150–$400 (attorney or title agent review)","1–2 days",{"best_for":476,"cost":477,"time":478},"Business asset sales, fleet transactions, commercial equipment over $100,000, or transactions subject to UCC filing requirements","$500–$2,000+","3–7 days",[480,485,490,495],{"code":481,"name":482,"flag_asset_id":483,"note":484},"us","United States","flag-us","Requirements vary significantly by state. Several states — including Louisiana, Maryland, Montana, Nebraska, and West Virginia — require a notarized bill of sale for vehicle title transfers. The federal Odometer Act mandates written mileage disclosure for vehicles under 10 years old in all states. Some states, such as California and Texas, have official DMV bill of sale forms that must be used alongside or instead of a private document. UCC Article 2 governs the sale of goods and implies certain warranties unless expressly disclaimed.",{"code":486,"name":487,"flag_asset_id":488,"note":489},"ca","Canada","flag-ca","Provincial motor vehicle authorities — such as ServiceOntario and ICBC in British Columbia — require a bill of sale as part of the vehicle ownership transfer package. Each province has its own form requirements and some mandate a statutory declaration. Quebec civil law governs sales differently from common-law provinces and requires the seller to disclose latent defects — an as-is clause may not fully protect a Quebec seller from claims of hidden defects. HST or GST may apply depending on whether the seller is a registered business.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"uk","United Kingdom","flag-uk","The UK does not use a mandatory bill of sale form for vehicle sales, but a signed receipt or sale agreement is standard practice and recommended. The Consumer Rights Act 2015 imposes implied terms that goods be of satisfactory quality and fit for purpose when sold by a trader — private sellers have fewer implied obligations. A bill of sale for personal chattels used as security (e.g., logbook loans) must comply with the Bills of Sale Acts 1878 and 1882, which impose strict form and registration requirements with the High Court.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"eu","European Union","flag-eu","EU member states vary in their formal requirements for private property sales. The EU Sale of Goods Directive (2019/771) requires that goods sold by traders to consumers conform to the contract and be free from defects for a minimum of two years — making an as-is disclaimer ineffective for business-to-consumer sales in most member states. VAT treatment of second-hand goods sold by businesses is subject to the EU Margin Scheme. Cross-border sales of vehicles require customs documentation and may trigger import duties depending on the countries involved.",[501,456,502,503,504,505,506,507,508,509,510,511],"asset-purchase-agreement-for-a-retail-business-D931","purchase-order-D1411","non-disclosure-agreement-nda-D12692","promissory-note-D434","independent-contractor-agreement-D160","service-agreement-D12711","exclusive-lease-agreement-D12808","letter-of-intent_acquisition-of-business-D5197","warranty-deed-D993","asset-purchase-agreement-D928","unilateral-liability-release-D1045",{"emit_how_to":204,"emit_defined_term":204},{"primary_folder":98,"secondary_folder":514,"document_type":515,"industry":516,"business_stage":517,"tags":518,"confidence":524},"transfers-terminations-and-releases","agreement","general","all-stages",[519,520,521,522,523],"legal","contract","ownership","bill-of-sale","asset-transfer",0.95,"\u003Ch2>What is a Bill of Sale?\u003C/h2>\n\u003Cp>A \u003Cstrong>Bill of Sale\u003C/strong> is a legally binding document that records the transfer of ownership of personal property — vehicles, equipment, livestock, or goods — from a seller to a buyer in exchange for a stated purchase price. Unlike a verbal agreement or a handshake deal, a bill of sale creates a written record that identifies both parties, describes the specific asset being conveyed, documents the agreed price and payment method, and establishes whether the property is sold with or without warranty. Once signed by both parties, it serves as the primary legal evidence that a sale occurred, that ownership transferred on a specific date, and that the buyer accepted the property under the terms described.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a bill of sale, a private property transaction leaves both parties exposed to serious and avoidable risk. A buyer with no written record of purchase cannot prove what they paid — which affects insurance valuation, sales tax calculation, and any future resale. A seller with no documentation cannot prove they no longer own the asset, leaving them potentially liable for accidents, tickets, or debts incurred by the new owner after the sale. For vehicles, most state DMVs require a bill of sale to process a title transfer — without one, the buyer cannot register the asset in their name. For equipment with existing financing, an undisclosed lien follows the asset to the new owner, giving the lender grounds for repossession regardless of what the buyer paid. This template gives you a complete, enforceable document in minutes — covering every clause a DMV, tax authority, or court expects to see, with clear placeholders that eliminate guesswork and reduce the risk of a disputed or incomplete transfer.\u003C/p>\n",1781185935629]