Whenever you want to buy or sell any equipment which is of value when it is required that you have a bill of sale form for the equipment for that transaction. What this equipment will of sale form does is it protects both the buyer and seller frauds and also acts as a proof of sale and proof of transaction for that particular equipment. This equipment bill of sale form is only applicable in the United States of America.
Some of the details that need to be filled in this equipment bill of sale form are as follows, first and foremost is the payment of the sum that is paid for buying the equipment. This payment has to be acknowledged by the seller who has to sign on the given place, and then it is deemed as sold and transferred to the buyer who has to sign in the space provided.
The next part deals with the details of the equipment which is being sold. Here you have to mention the make, model, year, VIN#, serial#, our reading. It is also important that the seller confirm to the buyer that the said equipment is sold free of all liens, encumbrances, liabilities and any adverse claims of all nature and description whatsoever.
After that the date on which this document is being signed has to be entered along with the signature of the seller and the signature of the buyer. Also the name of one witness has to be mentioned along with the signature of the witness for this document to be valid.
Text Version of this Form
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Equipment Bill of Sale
BE IT KNOWN, that for payment in the sum of $_________________ , the full receipt of
which is acknowledged, the undersigned _________________________ (Seller) hereby
sells and transfers to _________________________ (Buyer), the following described piece
Serial #: Reading:
The sale is subject to the following conditions and representations:
Seller acknowledges receipt of $_________________ in payment for the Equipment.
Equipment is paid in full.
Seller certifies to the best of the Seller’s knowledge that the hour reading listed in the
equipment’s description above reflects the actual hours of the Machine. The Machine’s
hour meter was not altered, set back, or disconnected while in the Seller’s possession,
and the Seller has no knowledge of anyone doing so.
Seller warrants to Buyer that Seller has full authority to sell and transfer said property,
and that said property is sold free of all liens, encumbrances, liabilities, and adverse
claims of every nature and description whatsoever.
Seller has no knowledge of any hidden defects in and to the Machine, and believes to
the best of the Seller’s knowledge that the Equipment being sold is in good operating
condition. Said Machine is otherwise sold in “as is” condition and where currently
Signature of Seller:
Signature of Buyer:
In the presence of (Witness):
Signature of witness: