As-Is Bill of Sale Template: No Warranty & Risk Transfer

As-Is Bill of Sale Template

1. Sale and Agreement Information

This As-Is Bill of Sale (“Bill of Sale”) is made on:

Date of Sale: [MM/DD/YYYY]

Location of Sale (City, State/Province, Country): [Location]

2. Seller Information

Seller Full Legal Name: [Seller Full Name]

Seller Address: [Street Address, City, State/Province, ZIP/Postal Code, Country]

Seller Phone: [Seller Phone Number]

Seller Email: [Seller Email Address]

3. Buyer Information

Buyer Full Legal Name: [Buyer Full Name]

Buyer Address: [Street Address, City, State/Province, ZIP/Postal Code, Country]

Buyer Phone: [Buyer Phone Number]

Buyer Email: [Buyer Email Address]

4. Description of Property Being Sold

The Seller sells and transfers to the Buyer the following property (the “Property”):

Item 1 Description: [Description of Property Item 1]

Brand / Model (if any): [Brand/Model]

Serial Number / VIN / Other Identifier (if any): [Identifier or “N/A”]

Quantity: [Quantity]

Condition: [Condition]

Item 2 Description (if applicable): [Description of Property Item 2]

Brand / Model (if any): [Brand/Model]

Serial Number / Other Identifier (if any): [Identifier or “N/A”]

Quantity: [Quantity]

Condition: [Condition]

Additional Items (if any): [Description or reference to attached list]

Optional attachment: Exhibit A – Itemized Property List (if there are many items).

5. Purchase Price and Payment

Total Purchase Price for the Property: [Currency and Amount]

Payment Method:

☐ Cash

☐ Certified check

☐ Bank transfer

☐ Other: [Payment Method]

Payment Status on Date of Sale:

☐ Paid in full.

☐ Partial payment received – Remaining balance: [Currency and Amount].

If any portion of the purchase price is not paid in full on the Date of Sale, the parties may sign a separate written payment agreement or promissory note describing payment terms.

6. Transfer of Ownership and Possession

The Seller sells, transfers, and conveys to the Buyer all rights, title, and interest in and to the Property described in Section 4 in exchange for the Purchase Price stated in Section 5.

Ownership transfers to the Buyer on the Date of Sale.

Possession transfers on: [Date and, if desired, Time]

7. Delivery and Risk of Loss

Location of Property at Time of Transfer: [Location Address]

Responsibility for pickup and transportation:

☐ Buyer is responsible for pickup and transportation of the Property.

☐ Seller is responsible for delivery of the Property to: [Delivery Address].

Risk of loss or damage to the Property passes to the Buyer when:

☐ The Buyer or the Buyer’s carrier takes possession of the Property.

☐ Other: [Risk-of-loss terms]

8. Liens and Encumbrances

The Seller states that, as of the Date of Sale:

☐ The Property is free and clear of all liens, security interests, and other encumbrances.

☐ The Property is subject to the following lien or security interest:

Lienholder Name: [Lienholder Name]

Lienholder Address: [Lienholder Address]

Loan/Account Number: [Loan/Account Number]

If any lien exists, the parties should agree separately in writing how the lien will be paid and released.

9. As-Is Condition and Disclaimer of Warranties

The Buyer understands and agrees that the Property is sold “as is” and “with all faults.”

By signing this Bill of Sale:

• The Buyer acknowledges having had the opportunity to inspect the Property or have it inspected by a third party of the Buyer’s choice.

• The Buyer accepts the Property in its present condition, including all defects, whether obvious or hidden, that exist at the time of sale.

• The Seller makes no warranties or guarantees, express or implied, including any implied warranties of merchantability or fitness for a particular purpose, except for any written warranties expressly stated in this Bill of Sale.

The Buyer acknowledges having had the opportunity to inspect the Property or have it inspected by a third party of the Buyer’s choice.

The Buyer accepts the Property in its present condition, including all defects, whether obvious or hidden, that exist at the time of sale.

The Seller makes no warranties or guarantees, express or implied, including any implied warranties of merchantability or fitness for a particular purpose, except for any written warranties expressly stated in this Bill of Sale.

If any limited warranty or special promise is agreed, it must be written in Section 10 or Section 11. If no such text appears, no warranty is given and the sale remains “as is.”

10. Disclosures (Optional)

The Seller provides the following disclosures about the Property, if any:

[Known issues, prior major repairs, missing parts, or “No additional disclosures.”]

11. Additional Terms (Optional)

The parties agree to the following additional terms, if any:

[Additional Term 1]

[Additional Term 2]

[Additional Term 3]

12. Taxes and Fees

Unless otherwise agreed in writing:

• The Buyer is responsible for any applicable sales, use, or transfer taxes and for any registration or title fees related to the Property.

• The Seller is responsible for any tax reporting related to sale proceeds.

The Buyer is responsible for any applicable sales, use, or transfer taxes and for any registration or title fees related to the Property.

The Seller is responsible for any tax reporting related to sale proceeds.

13. Acknowledgments

Seller’s Acknowledgment

The Seller certifies that the Seller is the lawful owner of the Property or has authority to sell it, that the information in this Bill of Sale (and any attached list) is true and correct to the best of the Seller’s knowledge, and that the Property is transferred subject only to any liens disclosed in Section 8.

Buyer’s Acknowledgment

The Buyer certifies that the Buyer has reviewed this Bill of Sale, understands and accepts the “as-is” nature of the sale and other terms stated in it, and acknowledges receipt or right to possession of the Property described in Section 4.

14. Signatures

Seller Signature: _______________________________

Seller Printed Name: [Seller Full Name]

Date: [MM/DD/YYYY]

Buyer Signature: _______________________________

Buyer Printed Name: [Buyer Full Name]

Date: [MM/DD/YYYY]

15. Witness / Notary (If Desired or Required)

Witness Signature (optional): _______________________________

Witness Printed Name: [Witness Full Name]

Date: [MM/DD/YYYY]

Notary (if required by local law):

State/Province of: [State/Province]

County of: [County]

Subscribed and sworn before me on this _____ day of __________, 20, by [Name(s) of Signer(s)].

Notary Public Signature: _______________________________

Notary Printed Name: [Notary Name]

My Commission Expires: [Date]

Notary Seal (if applicable): [Seal]