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Sold As Is Bill Of Sale for the United States

Sold As Is Bill Of Sale Template for United States

A Sold As Is Bill of Sale is a legal document used in the United States that transfers ownership of property from seller to buyer in its current condition, explicitly stating that no warranties are provided. This document serves as proof of sale and clearly establishes that the buyer accepts the property with all faults and defects, whether known or unknown. It complies with U.S. state laws and the Uniform Commercial Code regarding warranty disclaimers and property transfers.

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Sold As Is Bill Of Sale

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What is a Sold As Is Bill Of Sale?

The Sold As Is Bill of Sale is a crucial document in U.S. property transactions where the seller wants to transfer ownership without providing warranties or guarantees about the item's condition. This document is commonly used for vehicle sales, equipment transfers, and personal property transactions where the buyer agrees to accept the item in its present state. It protects sellers from future claims about item condition while providing buyers with clear documentation of ownership transfer. The document typically includes details about the parties involved, property description, purchase price, and explicit 'as is' language that complies with state laws and the UCC.

What sections should be included in a Sold As Is Bill Of Sale?

1. Date and Parties: Identification of seller and buyer with complete contact information

2. Property Description: Detailed description of item(s) being sold including identifying information (make, model, serial number, etc.)

3. Purchase Price: Agreed upon price and payment terms including method of payment

4. As-Is Clause: Clear statement that item is sold as-is without warranties or guarantees

5. Signatures: Signature blocks for buyer and seller with date of execution

What sections are optional to include in a Sold As Is Bill Of Sale?

1. Known Defects: Section listing any known issues, damages, or defects with the item being sold

2. Title Warranty: Seller's warranty that they have clear title to the property and right to sell

3. Notarization Block: Space for notary certification when required by state law or for high-value transactions

What schedules should be included in a Sold As Is Bill Of Sale?

1. Schedule A - Property Photographs: Visual documentation of the item's condition at time of sale

2. Schedule B - Maintenance Records: Documentation of repair history and maintenance records if applicable

3. Schedule C - Title Documents: Copies of existing title documents, registration, or proof of ownership

Authors

Alex Denne

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

Jurisdiction

United States

Document Type

Bill of Sale

Sector

Sales

Cost

Free to use
Clauses















Relevant Industries

Automotive

Real Estate

Retail

Manufacturing

Relevant Teams

Sales

Legal

Finance

Operations

Relevant Roles

Sales Manager

Business Owner

Procurement Manager

Asset Manager

Industries

Uniform Commercial Code - Article 2: Main body of law governing sales of goods, particularly Section 2-316 which covers disclaimers of warranties and 'As Is' provisions under ?? 2-316(3)(a)

State UCC Variations: Individual state modifications and implementations of the Uniform Commercial Code that may affect the Bill of Sale requirements

State Consumer Protection Laws: State-specific regulations designed to protect consumers in sales transactions, which may limit or affect 'as is' provisions

State Documentation Requirements: Specific forms, language, or documentation required by individual states for Bills of Sale, including vehicle transfer requirements if applicable

Magnuson-Moss Warranty Act: Federal law governing consumer product warranties, which may apply if the sale involves consumer goods

FTC Regulations: Federal Trade Commission rules governing sales practices and consumer protection at the federal level

Truth in Lending Act: Federal regulations that may apply if the sale involves any form of financing or credit arrangements

Contract Formation Requirements: Basic legal elements necessary for valid contract formation including consideration, capacity to contract, and statute of frauds requirements

Disclosure Requirements: Legal obligations to disclose known defects, previous damage, repairs, and title status of the item being sold

Documentation Authentication: State-specific requirements for document authentication, including potential notarization and recording requirements

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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