A sale of goods is a present transfer of title to movable property for a price. This price may be a payment of money, an exchange of other property, or the performance of services. The parties to a sale are the person who owns the goods and the person to whom the title is transferred. The transferor is the seller or vendor, and the transferee is the buyer or vendee. The sale of goods is governed by Article 2 of the Uniform Commercial Code (UCC), a form of which has been adopted the state legislatures of every state. A bill of sale is a document that transfers ownership of personal property from a seller to the buyer. It acts as a basic agreement for sale of goods, a sales receipt and a record of the transaction for both the seller and buyer. It can provide the seller with a record of what has been sold, to whom, when, and for what price. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Agreement for Sale of Goods along with Bill of Sale and Covenants For and in consideration of $____________, cash in hand paid, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned (Name of Seller) of (Street Address, City, State, Zip Code), and the undersigned (Name of Buyer) of (Street Address, City, State, Zip Code), do hereby agree to the following: 1. Sale of Goods. Seller does hereby sell unto Buyer the goods and property described in Exhibit A attached hereto and made a part hereof. 2. Warranty and Covenants. Seller hereby warrants that he is the sole and absolute owner of the goods and property and that said goods and property are free and clear of any and all liens, security interests, levies, debts, taxes, or other claims or encumbrances. Seller shall defend the sale of these goods to the Buyer against all and every person and persons. These covenants and warranties shall inure to the benefit of the Buyer and his legal representatives, successors, and assigns. Witness our signatures this the _____day of _____________, 20_____. ________________________
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