As Is Bill Of Sale Template for New Zealand

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Key Requirements PROMPT example:

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."

Document background
The As Is Bill of Sale is commonly used in New Zealand when selling property or goods where the seller wishes to transfer ownership without providing any warranties or guarantees about the item's condition or fitness for purpose. This document is particularly useful for private sales, business-to-business transactions, or situations where the buyer has fully inspected and accepted the property in its current state. The document complies with New Zealand contract law requirements and includes essential elements such as party details, property description, purchase price, and clear "as is" disclaimers. It's frequently used for vehicle sales, equipment transfers, and other tangible property transactions where the buyer assumes all risks regarding the property's condition.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant Industries

Automotive

Manufacturing

Agriculture

Construction

Marine

Aviation

Industrial Equipment

Retail

Real Estate

Transport & Logistics

Mining

Small Business

Relevant Teams

Legal

Procurement

Sales

Operations

Commercial

Risk & Compliance

Asset Management

Property Management

Fleet Management

Business Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Manager

Business Owner

Operations Manager

Fleet Manager

Asset Manager

Property Manager

Compliance Officer

Risk Manager

Commercial Manager

Industries
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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