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As Is Bill Of Sale
"I need an As Is Bill of Sale for selling my used construction equipment (a 2020 CAT excavator) to another business for NZD 75,000, with settlement scheduled for March 15, 2025; the buyer has inspected the equipment and agreed to take it in current condition."
1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Brief context of the sale and statement that the seller owns the property and wishes to sell it to the buyer
3. Definitions: Key terms used in the document including 'Property', 'Purchase Price', and 'Settlement Date'
4. Sale and Purchase: Core provision stating the seller sells and buyer purchases the property for the specified price
5. Purchase Price: States the agreed purchase price and payment terms
6. As Is Condition: Clear statement that the property is sold 'as is' with no warranties or representations
7. Risk and Property: Specifies when risk and ownership transfers to the buyer
8. Seller's Warranties: Limited warranties about ownership and right to sell
9. Execution: Signature blocks for all parties
1. GST: Required if either party is GST registered or if the transaction is subject to GST
2. Delivery: Include if arrangements for physical delivery of the property need to be specified
3. Inspection: Include if the buyer has inspected or will inspect the property before settlement
4. Encumbrances: Include if there are any existing encumbrances that need to be disclosed or removed
5. Maintenance Records: Include for sales of vehicles, machinery or equipment where maintenance history is relevant
1. Property Description: Detailed description of the property including serial numbers, identifying features, etc.
2. Condition Report: Current condition of the property including any known defects or damage
3. Payment Schedule: If payment is to be made in installments or involves multiple components
4. Photos: Photographs of the property documenting its condition at time of sale
5. Existing Warranties: Details of any transferable manufacturer warranties that may still apply
Authors
Sale and Purchase
Purchase Price and Payment
Property Description
As Is Condition
Title and Ownership
Risk Transfer
Delivery
Seller's Limited Warranties
Buyer's Acknowledgments
GST
Inspection
Settlement
Assignment
Entire Agreement
Governing Law
Execution
Force Majeure
Notices
Severability
Automotive
Manufacturing
Agriculture
Construction
Marine
Aviation
Industrial Equipment
Retail
Real Estate
Transport & Logistics
Mining
Small Business
Legal
Procurement
Sales
Operations
Commercial
Risk & Compliance
Asset Management
Property Management
Fleet Management
Business Administration
Legal Counsel
Contract Manager
Procurement Manager
Sales Manager
Business Owner
Operations Manager
Fleet Manager
Asset Manager
Property Manager
Compliance Officer
Risk Manager
Commercial Manager
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