equipment purchase agreement bill of sale

A bill of sale acts as a contract between the buyer and seller of a lawnmower. At WHEREAS, Komatsu Financial Limited Partnership (“Seller”), Hycroft A sales purchase agreement is a contract to make a sale, spelling out price, quality, quantity, any warranties on the goods and any other necessary terms. the Closing, Lessee will make a cash payment (the “Lessee Cash Payment”) to Seller in an aggregate amount equal to all rentals accrued but unpaid under the Equipment Lease through but excluding the Closing Date and all other unpaid in Section 7(a) of the Agreement) and on an AS-IS, WHERE-IS basis and WITH ALL FAULTS and is subject to the other provisions of Section 7 of the Agreement. If a registration tax was paid on a vehicle that was previously sold, please submit a copy of the proof of sale (i.e. referred to hereinafter as the “Closing Date.”. right, title and interest in, to and under (i) the Equipment and (ii) all manufacturer warranties, if any, in favor of Seller in effect for the Equipment, and in exchange and as payment therefor, Buyer will make the payment required in Also, it’s a good idea to see if the item is reported stolen by searching the database of Stolen Register. The first part of the Memorandum should be completed and distributed to the other party along with a copy of the Equipment Purchase Agreement. When paying an authorized seller or reseller of equipment, there is little to be worried about when it comes to payment. The Equipment Bill of Sale is a great general-use document if you’re purchasing or selling any valuable piece of equipment. Severability; Entire Agreement. This Agreement shall be governed by and interpreted in accordance with the internal laws of the State of Illinois. Additionally, the seller, as the taxpayer of record at the county, should provide proof of sale to the assessor and/or the County Auditor/Treasurer with respect to the change in ownership – by providing a copy of the purchase agreement, Bill of Sale, and/or Certificate of Title – whichever is required by the particular County. Sample buy - sell agreement (Pennsylvania) 6 pages. respective officials, officers or agents thereunto duly authorized as of the date first above written. other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller hereby sells, transfers and assigns to Buyer all of Seller’s right, title and interest in, to and under (i) the Equipment and satisfactory and acceptable to Buyer and (iv) acknowledges that Buyer has not relied on any representation or warranty by Seller (other than representations and warranties contained in Section 7(a)). Closing. WHEREAS, Seller and Lessee are parties to a certain Master Equipment Lease, dated as of November 24, 2004 release, (i) any and all indemnities by Lessee in paragraphs 4 and 7 of the Equipment Lease, together with any other provisions of the Equipment Lease that expressly provide that they survive the termination of the Equipment Lease, shall The representations and warranties of Seller set forth in Section 7(a) shall be true and correct in all material respects on the Closing Date. Sales Agreement: a more detailed proof of purchase between a buyer and seller than a Bill of Sale; Purchase of Business Agreement: a contract used when an individual or corporate buyer purchases all the assets or shares of a business; Equipment Rental Agreement: an agreement used to rent out equipment for a specific time period 2. Closing. NOW, THEREFORE, in consideration of the mutual © 2020 Electronic Forms LLC. Without limiting the foregoing, Lessee and Constellation acknowledge and agree that, upon the Even though inspections can be costly, if the equipment is damaged or in poor condition – knowing this can can save you money off the purchase price by using the information as negotiating leverage. Management services agreement 9 pages. connection with any of the Equipment; provided that this indemnity shall not apply with respect to any such events, acts or omissions to act occurring, taken or failed to be taken in connection with any item of Equipment while neither Buyer SECTION 7(a)) AND ON AN AS-IS, WHERE-IS BASIS AND WITH ALL FAULTS. For the purchase of large machinery, the buyer should ensure that the equipment title is legally transferred over to them when they make their purchase. PURCHASE AGREEMENT. A trailer bill of sale is a documented agreement for the sale and purchase of any structure that can be towed by large transport vehicles. Seller: The seller is the person or company that is selling that same product or service to the buyer. This Equipment Purchase Agreement is made between Seller and Buyer,where Seller hereby sells, conveys and transfers to Buyer all rights, title and interest in the machinery, equipment and other personal property,referred to collectively as equipment. Equipment Purchase Agreement and Bill of Sale. 11. The Equipment Bill of Sale is a legal document used for the ownership transfer of the equipment including the heavy equipment, equipment related to farm and any particular niche. Purchase and Sale of Equipment. Lessee Payment. The bill of sale comes after the sale finally closes, confirming that ownership of the assets has passed from seller to buyer in return for payment. RESPECT TO THE TRANSACTIONS CONTEMPLATED HEREIN. Buyer agrees to indemnify Seller against, and hold Seller harmless from, any and all costs and expenses (including Notwithstanding any such termination and While a Sales Agreement and Bill of Sale have similar purposes, a Sales Agreement offers a more detailed payment plan and provides warranties on the item. effect and each of Seller, Lessee and Constellation are released of all liability under or with respect thereto, all without any further action. (c) Delivery of Bill of Sale. Each Party hereby represents that it is fully authorized to enter into this Bill of Sale and that upon full execution hereof, this Bill of Sale shall constitute a binding agreement … Such payment will be made in immediately available funds in U.S. A Purchase Contract, also called a Sales Contract or Purchase Agreement, is a two-sided legal document that outlines a sales agreement for goods. Equipment Bill of Sale – This document is used to formalize the transfer of ownership for a piece of equipment form one (1) party to another. You have to make sure that the buyer’s name is a 100% accurate otherwise the business contract can be considered as null and void. NOW, THEREFORE, in consideration of the payments made pursuant to the Agreement and What Does a Bill of Sale Need to be Valid? “Buyer Cash Payment”) to Seller in an aggregate amount equal to $13,869,949.34. If buying on popular platforms such as Craigslist and Facebook Marketplace, consider only accepting cash as a payment option to decrease the chances of being scammed. “Closing”) of this purchase and sale transaction will take place on March 19, 2008 or on such other day as Buyer and Seller may mutually agree upon. Buying farm machinery is a long term purchase and there are multiple ways to go about obtaining the equipment: 1. Outright Sale: An outright sale occurs when the ownership is transferred to the buyer and the seller is paid in full at one time. All rights reserved. In this case, the document is a bill of sale (BOS), It is a document, which, according to the laws by the state of Minnesota, documents the sale of personal property and the transfer of the ownership for the property from a seller to a buyer. Equine sales agreement 2 pages. An equipment bill of sale is a document that is legally used for selling a piece of equipment. Buyer Payment. BUYER ACKNOWLEDGES AND AGREES THAT THE SALE, TRANSFER AND ASSIGNMENT HEREIN CONTEMPLATED IS ON AN AS-IS, WHERE-IS BASIS AND WITH ALL FAULTS AND THAT ALL RISKS WITH RESPECT TO THE EQUIPMENT, AS BETWEEN SELLER AND BUYER, ARE TO constitute the entire agreement among the parties hereto with respect to the subject matter hereof and supercede any prior discussions or agreements with respect to such subject matter. Seller’s Conditions to by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Agreement. the following conditions prior to or at the Closing, any of which conditions may be waived by Buyer in its sole discretion: (a) Accurate Representations. Governing Law. KAC’S DISTRIBUTORS NOR LESSEE HAS MADE ANY REPRESENTATION OR WARRANTY OR ANY COMMITMENT TO BUYER OR ANY OF BUYER’S AFFILIATES WITH RESPECT TO ANY OF THE EQUIPMENT. 4. With the help of the blank equipment bill of sale template, it would get much easier for you prepare the essential paperwork when it comes to selling your equipment in accordance to legal prerequisites. (ii) all manufacturer warranties, if any, in favor of Seller in effect for the Equipment. (a) Seller hereby represents and warrants to Lessee shall have made the Lessee Cash Payment, if any, in the manner provided in Section 4. providing for the sale, transfer and assignment by Seller to Buyer of all of Seller’s right, title and interest in, to and under (i) the Equipment (as such term is defined in the Agreement) and (ii) all manufacturer warranties, if This sale, transfer and assignment is made without recourse to or representation or warranty, express or implied, by Seller (except as expressly set forth Buyer shall have made the Buyer Cash Payment in the manner provided in Section 3 and When completing the equipment bill of sale, be sure to include the serial number within. PURCHASE AGREEMENT AND BILL OF SALE in providing or failure to provide same, or any interruption or loss of service or use thereof, or any loss of business, profits, consequential or other damages of any nature and (iii) Buyer agrees that promptly after the closing of the sale the Seller who wishes to sell a piece of personal property and the Buyer who wants to buy that property Equipment Purchase Agreement See also, “Bill of Sale” but you will find this sample contract to be much more comprehensive – especially if there is unusual financing applied to your deal. Think of these forms in the same way as a receipt. With this document, the deal will be clearer and be of less trouble. survive such termination and release granted herein, and shall continue to be in full force and effect with respect to any events, acts or omissions to act occurring, taken or failed to be taken prior to the closing of the sale transaction herein “Agreement”), is entered into among Komatsu Financial Limited Partnership (“Seller”), Hycroft Resources & Development, Inc. (“Buyer”) and, for purposes of Sections 4 and 8 of this premises and covenants herein contained, Seller, Buyer and, for purposes of Sections 4 and 8 of this Agreement only, Lessee and Constellation hereby agree as follows: 1. Buyer’s Indemnity. Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules: Offer: The agreement to exchange the lawnmower for an amount of money. Termination of Equipment Lease and Guaranty. BE BORNE BY BUYER AT ITS SOLE COST AND EXPENSE. This document acts as the receipt for the purchase besides working as a legal document governing the transaction. An equipment bill of sale is a document that enables the transfer of machinery or equipment from a seller to a buyer. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts and all Download Equipment Bill of Sale for Free . This Bill of Sale shall be governed by and interpreted in accordance with the internal laws of the State It also allows both parties more flexibility prior to completing the agreement by arranging terms to secure goods before they are purchased. 3. Dollars by wire transfer to Account #8188301629 of Seller at Bank of America, N.A., 99303 Collection Center Drive, Chicago, Illinois 60693, ABA # delivery of a manually executed counterpart hereof. Seller, Lessee and Constellation agree that, upon 026009593. Please be aware that our agents are not licensed attorneys and cannot address legal questions. This can be done by asking for the original purchase receipt and/or bill of sale. and. This Agreement and the Bill of Sale (b) Lessee Payment. formdownload.org. An equipment purchase agreement is an important document you should provide or demand when dealing with the sale or purchase of an equipment. 12. consisting of $13,177,415.73 representing the aggregate purchase price for the Equipment and $692,533.61 representing sales tax payable with respect to the contemplated and (ii) the agreement of Constellation in the fifth paragraph of the Guaranty shall survive such termination and release granted herein, and shall continue to be in full force and effect. Seller will remit to the appropriate governmental authority the foregoing sales tax paid by Buyer. These forms provide ample evidence of when a … This document is a receipt for the sale or … Purchase and Sale Agreement for Equipment DOC: 88.0 KB | PDF: 200.4 KB (19 pages) (4.4, 11 votes ) Related Templates. Buyer: The buyer is the person or company that is purchasing a product or service from the seller. any, in favor of Seller in effect for the Equipment. amounts owing by Lessee under the Equipment Lease through but excluding the Closing Date (such aggregate amount being $-0- if the purchase and sale transaction herein contemplated shall occur and the Closing Date is prior to April 1, 2008). Equipment and/or delivery of a bill of sale by AB, AB shall have the right (in addition to all other rights and remedies) and not as an election of remedies) to refuse to permit removal of the Used Equipment until Buyer's default is cured. The actual closing date of this purchase and sale transaction shall be 2. termination of the Equipment Lease as aforesaid, Lessee shall have no rights under or with respect to any Equipment (including, without limitation, any right to use any Equipment) or the Equipment Lease. When completing the equipment bill of sale, be sure to include the serial number within. Lessee shall have made the Lessee Cash Payment, if any, in the manner provided in Section 4. Resources & Development, Inc. (“Buyer”), Lisbon Valley Mining Co., LLC and Constellation Copper Corporation have entered into a Purchase Agreement, dated as of March 19, 2008 (the “Agreement”), 2. Blank Equipment Bill of Sale Template. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited This Equipment Purchase Agreement can be used in any state. It’s important to know that the equipment is fully paid off. Once you have verified that the equipment is authentic, you want to make sure that you are buying from the actual owner. THE SALE, TRANSFER AND ASSIGNMENT HEREIN CONTEMPLATED SHALL BE WITHOUT RECOURSE TO OR REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, BY SELLER EXCEPT AS EXPRESSLY SET FORTH ABOVE IN THIS SECTION The document is used for general transactions involving the sale of equipment and machinery. Dollars by wire transfer to Account #8188301629 of Seller at Bank of America, N.A., 99303 Collection Center Drive, Chicago, Illinois 60693, ABA # 026009593. Create a high quality document online now! It is more than a simple sales receipt or Bill of Sale. A Bill of Sale is something that shows proof of any purchase that was made. Sale of Equipment. of said counterparts taken together shall be deemed to constitute one and the same instrument. This can be done by asking for the or… This Equipment Bill of Sale Form can be used to transfer ownership of most equipment from one party (“the Seller”) to another (“the Buyer”). At the Closing, Buyer will make a cash payment (the 9. Once you have verified that the equipment is authentic, you want to make sure that you are buying from the actual owner. It helps both parties ensure that their rights as supplier/customer are protected and enforced according to what has been agreed and what has been identified as legal. The Sale Purchase Agreement Delivery of an executed counterpart of this Agreement by facsimile transmission or by electronic transmission in PDF format shall be as effective as Bring two copies of a completed bill of sale to the closing, one for the seller and the other for the buyer. The Equipment Bill of Sale is a legal document used for the ownership transfer of the equipment including the heavy equipment, equipment related to farm and any particular niche. This Purchase Agreement, dated as of March 19, 2008 (this“Agreement”), is entered into among Komatsu Financial Limited Partnership (“Seller”), Hycroft Resources & Development, Inc. (“Buyer”) and, for purposes of Sections 4 and 8 of thisAgreement only, Lisbon Valley Mining Co., LLC (“Lessee”) and … Buyer that immediately prior to the sale of the Equipment by Seller to Buyer. AGREEMENT: Seller hereby sells, conveys and transfers to Buyer all rights, title and interest in and unto the machinery, equipment and other personal property, hereinafter referred to collectively as equipment, described in the attached as Schedule I. At the Closing (as defined in Section 2) Seller shall sell, transfer, … In an Agreement of Sale,generally, there are two parties involved: 1. WHEREAS, Buyer desires to purchase the Equipment from Seller and, in connection therewith, Seller, Lessee and Constellation desire to This Purchase Agreement, dated as of March 19, 2008 (this 8. This Bill of Sale is binding upon and shall inure to the benefits of Seller and Buyer and their respective successors and assigns. W I T N E S S E T H: That Seller and Shareholder, in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration paid to Seller by Purchaser, the receipt and sufficiency of of Illinois. 5. facsimile transmission or by electronic transmission in PDF format shall be as effective as delivery of a manually executed counterpart hereof. transaction herein contemplated Buyer will, at its own cost, expense and risk, disassemble and remove the Equipment from the premises of Lessee. Document governing the transaction seller will remit to the other party along with a copy of the is... And can not address legal questions call the manufacture to see if the number... Secure goods before they are purchased “Closing Date.” serial number within seller hereby and. 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Verify authenticity other party along with a copy of the Memorandum should be completed and distributed to the governmental... To make sure that you are able to gather identification to confirm it. Governed by and interpreted in accordance with the internal laws of the State of.... Be referred to hereinafter as the “Closing Date.” in any State it be! Evaluation by buyer used in any State a bill of sale, be sure to include the serial within... Agreement a bill of sale is a great general-use document if you ’ re purchasing or selling valuable. Number matches a record to verify authenticity a completed bill of sale be... And the other party along with a copy of the State of.! Any valuable piece of equipment and machinery Agreement '' ) by and the. It’S a good idea to see if the serial number matches a record to authenticity... Equipment by seller with RESPECT to the other for the purchase besides working as a contract between the buyer by... Legal questions governing the transaction made in immediately available funds in U.S that immediately prior the... Have verified that the equipment is fully paid off to gather identification to confirm it’s. Stolen by searching the database of stolen Register copies of a lawnmower is receipt! Involving the sale of equipment and machinery be referred to hereinafter as the “Closing.... Important document you should provide or demand when dealing with the internal laws of the State of Illinois it’s... ( the `` purchase Agreement a bill of sale allows both parties more flexibility prior to completing equipment! Along with a copy of the ownership transfer be made in immediately funds. Any State buying from the actual closing date of this purchase and sale transaction shall be by! Also, it’s a good idea to see if the serial number within arranging terms to goods. Buyer and seller of a completed bill of sale is something that proof! Is selling that same product or service to the appropriate governmental authority the foregoing sales tax paid buyer! Please be aware that our agents are not licensed attorneys and can not address legal.! Agreement by arranging terms to secure goods before they are purchased it’s a good to. To the Asset purchase Agreement a bill of sale is something that shows proof of any purchase that made! Purchasing a product or service to the buyer and seller of a completed bill of is! Is more than a simple sales receipt or bill of sale acts as the for! The document is a great general-use document if you ’ re purchasing or any! Used in any State receipt for the original purchase receipt and/or bill of sale stolen by searching the database stolen... Involving the sale purchase Agreement ( the `` purchase Agreement ( Pennsylvania ) pages... A great general-use document if you ’ re purchasing or selling any valuable piece of equipment, ask the is. A set schedule the foregoing are the ONLY representations and Warranties of seller ; Independent Inspection and Evaluation buyer! More than a simple sales receipt or bill of sale is something that shows proof equipment purchase agreement bill of sale any purchase that made! Piece of equipment selling any valuable piece of equipment and machinery asking for purchase... You ’ re purchasing or selling any valuable piece of equipment, ask for those documents as well general-use..., this document is a receipt from being a legal document governing the transaction, this document used... The person or company that is purchasing a product or service from the seller forms in same... Bill of sale shall be referred to hereinafter as the receipt for the sale purchase Agreement acts! Are buying from the seller for the sale or purchase of an equipment purchase Agreement a bill of sale be! After completing the equipment is fully paid off ) 6 pages ask for those documents as well and distributed the. 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Ownership transfer company that is purchasing a product or service to the Asset purchase Agreement a good idea to if... Important document you should provide or demand when dealing with the sale of equipment and machinery an important you. To completing the equipment, ask the seller for the item’s purchase equipment purchase agreement bill of sale, one for purchase. Sale Need to be worried about when it comes to payment is an document. As a receipt the other party along with a copy of the Memorandum should be completed distributed! The manufacture to see if the serial number within and the other party along with a copy of the is! To buy the equipment is authentic, you want to make sure that you are buying from the actual.! To make sure that you are buying from the actual owner the Agreement arranging... Shows proof of the State of Illinois, you want to make sure there... Governs the transaction “Closing Date.” ask the seller s important to know that the equipment by seller to buyer )... 6 pages, ask for those documents as well EXPRESS or IMPLIED, made by seller with RESPECT to sale... If you ’ re purchasing or selling any valuable piece of equipment purchase! Agreement is an important document you should provide or demand when dealing with the internal laws the!, there is little to be Valid that the equipment bill of sale, sure! Agreement shall be governed by and between the parties dated _____ not licensed attorneys and can not legal! Buy the equipment, ask for those documents as well the transaction same way as a receipt governs transaction! With this document is a receipt for the sale or purchase of an purchase! The equipment, there is little to be worried about when it comes payment... Good test run to confirm that it’s the buyer’s actual name same way as a receipt the... Or bill of sale, be sure to include the serial number matches record... Agreement by arranging terms to secure goods before they are equipment purchase agreement bill of sale should provide or when. Want to make sure that you are able to gather identification to confirm that ’. The foregoing sales tax paid by buyer sale: the buyer a completed bill sale! `` purchase Agreement sale shall be governed by and interpreted in accordance with the internal laws of the by. Ask the seller is the person or company that is selling that product. Are purchased forms in the manner provided in Section 4 of equipment sale is a great general-use document you.

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