Bill of Sale for Virginia

State of Virginia
Bill of Sale



This BILL OF SALE (hereinafter, the "Agreement") is between _____________ (hereinafter, "Seller") and _____________ (hereinafter, "Buyer") (together the "Parties," each a "Party").

  1. Goods Sold. Seller, in acknowledgment and consideration of a total payment of by Buyer, the receipt and sufficiency of which is hereby acknowledged, hereby sells, transfers, assigns, and conveys to Buyer the following items (hereinafter, the "Goods"):
  2. Seller Covenants, Warranties, and Representations. Seller covenants, warrants, and represents as follows:
    1. Unless otherwise stated herein, Seller currently holds all rights and titles to the Goods, and that such Goods are being transferred to Buyer without lien, charge, claim, or other encumbrance of any kind whatsoever;
    2. Seller has the authority to sell the Goods to Buyer;
    3. Buyer shall, immediately after execution and delivery of this Agreement, have quiet and peaceful possession and enjoyment of the Goods for its own use and benefit without any manner of hindrance, interruption, molestation, claim, or demand whatsoever of, from, or by Seller;
    4. Unless otherwise stated herein, Seller will, from time to time and at all times hereafter, on every reasonable request of Buyer, make, do, and execute, or cause to be made, done, and executed, all further acts, deeds, or assurances as may be reasonably required by Buyer for more effectually and completely vesting Buyer the Goods; and
    5. Unless otherwise stated herein, Seller shall indemnify and hold harmless Buyer from all costs, damages, expenses, and other losses resulting or arising from the breach or untruth of any covenant, warranty, or representation made or given by Seller hereunder.
  3. Disclaimer. This Agreement includes no warranties, expressed or implied, in addition to the warranties stated in this Agreement, if any. THE GOODS ARE BEING SOLD AND TRANSFERRED "AS IS," WITHOUT ANY WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND WITHOUT ANY RECOURSE TO SELLER FOR ANY REASON WHATSOEVER, PROVIDED THAT BUYER ACCEPTS SAID GOODS AFTER HAVING AN OPPORTUNITY TO INSPECT THEM.
  4. Governing Law. This Agreement is executed and delivered in, and shall be construed and enforced in accordance with, the laws of Virginia, and shall be binding upon and inure to the benefit of the successors and assigns of the Parties hereto.
  5. Date of Effectiveness. This Agreement will become effective when both Parties have signed it. The date on which this Agreement 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 Agreement.
  6. Counterparts, Facsimiles, and Electronic Signatures. This Agreement may be signed in one or more counterparts, which together will form a single Agreement. This Agreement may be signed electronically.

Each Party is signing this Agreement on the date stated opposite that Party's signature.

SELLER

Signed: ______________________________ Date: _______________

Printed: ______________________________

Address:
_____________
_____________, _____________ _____________

BUYER

Signed: ______________________________ Date: _______________

Printed: ______________________________

Address:
_____________
_____________, _____________ _____________

NOTARY ACKNOWLEDGMENT



State of ____________________________

SS.

County of ____________________________

On _____________ (date), before me, _____________________________ (notary), personally appeared _____________ and _____________ who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to within this BILL OF SALE, and acknowledged to me that they executed the same in authorized capacities, and that by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument.

I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Print: ____________________________     Commission Expires: _______________

Sign: ____________________________      [Affix seal]

            NOTARY PUBLIC

Instructions for Your Bill of Sale



Your bill of sale will serve to memorialize the important details of your transaction and acts as a receipt for the buyer. It is an essential tool for proving the terms of the agreement down the road, and many states require the use of a bill of sale when transferring automobiles, aircraft, watercraft, and similar items.

To complete your bill of sale, start by specifying what kind of property is being sold. You will need to use multiple bills of sale if you want to transfer multiple types of property. When describing the property, include as many identifying details about the property as possible.

Next you will include the names and addresses of the buyer and seller. If the buyer and/or seller is acting under a business entity, then use their respective business addresses here.

You will then be asked to enter the other important terms of the transaction, such as the price and whether there are any encumbrances on the property being sold. An encumbrance is a lien, loan, or other restriction on the owner's title to the property. Common examples include mechanic's liens, security interests in the property as collateral for a loan, legal judgments, tax liens, and other government liens.

By law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. However, it is recommended that you use a notary to witness the document regardless of the state you are in. This will help prove the authenticity of the document if there is ever a dispute in the future. If the buyer and seller are in different locations and want to have the document notarized, they will each need to get it notarized separately. Your bill of sale will be considered fully executed once it is completed, signed, and notarized (if included). Then make sure that both parties get a copy of the fully executed agreement and you are good to go!

Business Business

Bill of Sale

A bill of sale memorializes the important details of a transaction and serves as evidence of legal transfer of title. You can use this document for any transaction besides the sale of real estate. Bills of sale are an essential tool for proving the terms of your agreement down the road, and many states require the use of a bill of sale when transferring automobiles, aircraft, watercraft, and similar items.

Your bill of sale will record all the pertinent information surrounding the sale, including the property being sold, the date, and the price. LegalNature's form also allows you to indicate whether or not the goods being sold have any encumbrances on the title and which party will be responsible for paying off any encumbrances. Typically, the parties involved first use a sales contract to spell out the essential terms of the deal, followed up by the bill of sale to show that legal title to the goods has been transferred at the time of delivery.

LegalNature's step-by-step guidance will help you to create and download your bill of sale in a matter of minutes. Get started and protect yourself today.

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