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This bill of sale is between Name Individual / Business (the "Buyer"), of Street address , City , State , ZIP Code and Name Individual / Business (the "Seller"), Street address , City , State , ZIP Code .
The parties agree as follows:
1. SALE OF BOAT.
2. PURCHASE PRICE.
On or before the Delivery Date (as defined in section 6 below), in exchange for the sale of the Boat (including the Motor(s) and Equipment), the Buyer shall pay the Seller the purchase price of $$ Amount (the "Purchase Price").
3. SELLER'S REPRESENTATIONS.
The Seller represents to the Buyer that:
4. BUYER'S REPRESENTATIONS.
The individual signing this agreement on behalf of the Buyer represents to the Seller that he or she has the power and authority to complete this transaction on behalf of the Buyer.
4 . NO OTHER REPRESENTATIONS.
Except for the representations provided in section 3, the Buyer acknowledges that the Boat is being sold "as is," without warranty, whether express or implied, about the condition of the Boat. The Buyer must satisfy itself as to what is offered for sale, and by purchasing will be held to have satisfied itself that the Boat is satisfactory in all respects. All defects and repairs are the sole responsibility of the Buyer. The Seller neither assumes, nor authorizes any other person or entity to assume on its behalf, any liability in connection with the sale of the Boat. The Seller's disclaimers of warranty do not affect the terms or applicability of any warranty from the Boat's manufacturer that may be applicable to the Boat.
5 . SURVEY.
The Boat, its Motors, and Equipment haveYes / No not been inspected by marine surveyor within the last year. A copy of that inspection report is attached to this bill of sale. Yes / No
To the best of its knowledge, the Seller believes that the Boat and its Motors and Equipment are being sold in good operating condition, except for the following defects: Defects. .
6 . DELIVERY OF BOAT.
The Seller shall deliver the Boat, and the Buyer shall take possession of the Boat, at Location (the "Boat Location") on or before Date (the "Delivery Date"). The Seller shall ensure that the Boat is delivered in the same condition as the Buyer's last survey (or, if no survey was conducted, as of the effective date of this bill of sale, as defined in section 9 ). The Buyer, either itself or through a third party, shall appear at the Boat Location during standard business hours on the Delivery Date to remove the Boat. If the Buyer does not appear at the Boat Location on the Delivery Date to remove the Boat, the risk of loss of the Boat passes to the Buyer.
7 . CONVEYANCE OF TITLE.
The Seller shall convey title to the Boat to the Buyer when the Boat is delivered to the Buyer and the Purchase Price has been paid in full. The Seller shall execute all documents presented by the Buyer that are necessary to finalize transfer of title and registration of the Boat to the Buyer. The Buyer is liable for all costs relating to the registration of the Boat into its name.
8 . CANCELLATION OF INSURANCE AND TAGS.
Unless prohibited by applicable law, the Buyer will cancel any insurance coverage, license, tags, plates, or registration maintained by the Seller on the Boat when the Buyer takes possession of the Boat.
9 . EFFECTIVENESS.
This bill of sale will become effective when all parties have signed it. The date this bill of sale is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this bill of sale.
Yes / No
10
Explanation
SIGNATURE PAGE FOLLOWS
Each party is signing this bill of sale on the date stated opposite that party's signature.
| Buyer Name | |
Date: _________________ |
By:__________________________________________ |
| Name: Yes / No Buyer Name Name Name | |
| Title: Title | |
| Phone No.: Phone | |
Seller Name |
|
Date: _________________ |
By:__________________________________________ |
| Name: Yes / No Seller Name Name Name | |
| Title: Title | |
| Phone No.: Phone |
Witness / Notarize / Neither
Witnessed By:____________________________________________ |
Date:_____________________ |
Name:__________________________________________________ ACKNOWLEDGEMENT |
|
Address:________________________________________________ OF NOTARY PUBLIC |
|
| STATE OF __________________________ | |
COUNTY OF ________________________ |
|
Subscribed and sworn to before me this __________day of ____________, 20_____, at ___________, __________________. |
| _________________________________________ | |
| Signature of Notary Public | |
| Name of Notary Public: ____________________________ | (SEAL) |
| Notary Public, State of ______________________________ | |
| My commission expires: ___________________________ |