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A Bill of Sale is a legal document used in the California to record the sale and transfer of Equipment from a seller to a buyer, providing written evidence of the transfer of ownership. A complete Bill of Sale for Equipment in California should include the full legal names and addresses of both the seller and buyer, a detailed description of the Equipment (including make, model, year, VIN or serial number where applicable), the agreed purchase price, the date of sale, method of payment and a statement that the Equipment is sold “as-is” to limit seller liability.
Notarization requirements vary by California and by property type. If required by California law, then both parties should sign the document and retain copies for their records. This Bill of Sale for Equipment in California serves as legal protection, can be used for registration, insurance, tax purposes and helps prevent disputes or misunderstandings in the future.
Seller Details
Seller
IN CONSIDERATION of ________ of ________ (the 'Purchaser') providing $________ (the "Purchase Price"), the receipt and sufficiency of which consideration is hereby acknowledged to ________ of ________ (the 'Seller'), the Seller SELLS AND TRANSFERS ownership of the equipment described below.
PAYMENT METHOD: The Purchaser will pay using Cash.
Equipment Details:
• Item Name / Type: ________
• Brand / Make: ________
• Model: ________
• Year of Manufacture / Purchase: ________
• Serial Number: ________
• Estimated Value: ________
• Condition: New
• Detailed Description: ________
WARRANTIES: The Seller warrants that the item is free of known liens, legal claims, or ownership disputes and is the lawful owner of the equipment being sold.
SECURITY INTEREST:The Seller will assume and pay the following obligations (the 'Security Interest'), and will hold harmless and indemnify the Purchaser from any claim related to these obligations: ________ loans.
'AS IS' CONDITION: The Purchaser acknowledges that the **Equipment** is sold 'as is'. The Seller expressly disclaims any implied warranty as to fitness for a particular purpose and any implied warranty as to merchantability. The Seller expressly disclaims any expressed or other implied warranties.
MANUFACTURER'S WARRANTY: Any disclaimer of warranties by the Seller in this Bill of Sale will not in any way affect the terms of any applicable warranties from the manufacturer of the **Equipment**.
LIABILITIES: The Seller does not assume, nor does the Seller authorize any other person on the behalf of the Seller to assume, any liability in connection with the sale or delivery of the **Item**.
INSPECTION: The Purchaser accepts the **Item** in its existing condition given that the Purchaser has either inspected the **Item** or was given the opportunity to inspect the **Item** but chose to not inspect it.
GOVERNING LAW: This Bill of Sale will be construed in accordance with and governed by the laws of the Province of California.
SIGNED, SEALED, AND DELIVERED
this ________ in the presence of:
____________
(Seller 1)
____________
(Purchaser 1)