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Commercial Truck Bill Of Sale Template for United States

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Key Requirements PROMPT example:

Commercial Truck Bill Of Sale

"I need a Commercial Truck Bill of Sale for the transfer of a 2020 Peterbilt 579 from my logistics company to a buyer in Texas, with financing terms included and specific maintenance records to be attached as we agreed to share the cost of recent repairs."

Document background
The Commercial Truck Bill of Sale is a crucial document used when transferring ownership of commercial vehicles in the United States. It provides legal protection for both buyer and seller by documenting the terms of sale, vehicle condition, and transfer of ownership. This document is essential for compliance with federal and state regulations, including DOT requirements and state-specific DMV protocols. It typically includes detailed vehicle information, price, warranties, and odometer disclosure, serving as official proof of the transaction for registration, insurance, and tax purposes.
Suggested Sections

1. Parties: Identification of buyer and seller with complete contact information, including names, addresses, and any relevant business registration numbers

2. Vehicle Description: Detailed description including VIN, make, model, year, color, mileage, engine type, and any distinctive features

3. Purchase Price: Agreed purchase price, payment terms, and method of payment

4. Warranties and Representations: Statements about vehicle condition, seller's right to sell, and any warranties or disclaimers

5. Odometer Disclosure: Federal required mileage disclosure statement as per Truth in Mileage Act

6. Signatures: Dated signatures of both parties, potentially requiring notarization depending on state requirements

Optional Sections

1. Financing Terms: Details of payment plan, interest rates, and payment schedule when sale is not paid in full at time of purchase

2. Inspection Report: Documentation of pre-sale inspection results and any identified issues or repairs needed

3. Lien Release: Documentation confirming satisfaction of any existing liens or encumbrances on the vehicle

4. As-Is Clause: Special clause indicating the vehicle is sold in its current condition without warranties when applicable

Suggested Schedules

1. Schedule A - Vehicle Maintenance Records: Complete history of maintenance, repairs, and service records

2. Schedule B - Equipment List: Detailed inventory of included equipment, accessories, and spare parts

3. Schedule C - Title Documentation: Copies of title, registration documents, and any relevant DOT certificates

4. Schedule D - Insurance Documentation: Proof of insurance requirements and transfer documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses




















Relevant Industries

Transportation and Logistics

Construction

Manufacturing

Agriculture

Retail

Relevant Teams

Operations

Procurement

Legal

Finance

Fleet Management

Relevant Roles

Fleet Manager

Logistics Director

Operations Manager

Procurement Manager

Transportation Supervisor

Industries

DOT Regulations: Department of Transportation regulations governing commercial vehicle sales and transfers at the federal level

FMCSA Requirements: Federal Motor Carrier Safety Administration requirements ensuring compliance with safety standards in commercial vehicle transactions

Interstate Commerce Commission Regulations: Federal regulations governing commercial vehicles involved in interstate commerce

Truth in Mileage Act: Federal law requiring accurate odometer readings disclosure during vehicle transfers

Clean Air Act: Federal emissions standards that must be met by commercial vehicles being sold

State DMV Requirements: State-specific Department of Motor Vehicles requirements for vehicle registration and transfer

State Title Transfer Regulations: State-specific rules governing the transfer of vehicle titles

State Sales Tax Requirements: State-specific sales tax obligations for commercial vehicle transactions

State Lemon Laws: State-specific consumer protection laws regarding defective vehicles

State Odometer Requirements: State-specific requirements for odometer disclosure during vehicle sales

State Commercial Vehicle Regulations: State-specific rules governing commercial vehicle operations and transfers

UCC Article 2: Uniform Commercial Code provisions governing the sale of goods, including commercial vehicles

EPA Regulations: Environmental Protection Agency requirements regarding vehicle emissions and environmental standards

IRS Requirements: Internal Revenue Service regulations regarding business transactions and vehicle sales

Local Regulations: County and city-specific regulations regarding commercial vehicle ownership and transfer

Insurance Requirements: Mandatory insurance coverage requirements for commercial vehicles

Lien Disclosure Requirements: Legal obligations to disclose any existing liens or encumbrances on the vehicle

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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