This quitclaim bill of sale is between , an individuala(n) (the "Buyer"), of , , , and , an individuala(n) (the "Seller"), of , , , .
The parties agree as follows:
1. SALE OF PROPERTY.
The Seller hereby sells to the Buyer all of its interest in (the "Property"), currently located at , , , . This bill of sale is intended to pass title to the Property from the Seller to the Buyer as of the Delivery Date (as defined in section 5 below)as of its effective date, whether any of the Property is correctly characterized as a fixture as a matter of law.
2. PURCHASE PRICE.
As consideration for the sale of the Property, on or before the Delivery Date (as defined in section 5 below) the effective date of this bill of sale, the Buyer shall pay to the Seller the purchase price of (the "Purchase Price").
The Seller sells only the interest it may hold in the Property, and only to the extent that interest is transferable by the Seller. The Property is sold subject to any existing liens.
THE SELLER MAKES NO REPRESENTATION CONCERNING THE PROPERTY OR THE SELLER'S TITLE TO THE PROPERTY. THE BUYER IS ACQUIRING THE PROPERTY BASED SOLELY ON THE BUYER'S OWN INDEPENDENT INVESTIGATIONS AND INSPECTIONS OF THE PROPERTY AND NOT IN RELIANCE ON ANY INFORMATION PROVIDED BY THE SELLER OR THE SELLER'S AGENTS.
The Buyer shall take possession of the Property on the effective date of this bill of sale.
The Seller shall deliver the Property, and the Buyer shall take possession of the Property, at the Seller's address as listed above, on or before (the "Delivery Date"). The Buyer, either itself or through a third party, shall appear at the Seller's address during standard business hours on the Delivery Date to remove the Property. If the Buyer does not appear at the Seller's address on the Delivery Date to remove the Property, the risk of loss of the Property passes to the Buyer.
6. NO INDEMNIFICATION.
The Buyer will not indemnify the Seller for any claims made in connection with the sale or use of the Property after the effective date of this bill of sale. After the Delivery Date effective date of the bill of sale , the Buyer shall indemnify the Seller from all claims made in connection with the sale or subsequent use of the Property, whether those claims are incurred by the Buyer, or its employees, officers, or agents, or other users of the Property.
7. NO CONVEYANCE OF TITLE.
The Seller shall convey title to the Property to the Buyer when the Property is delivered to the Buyer and the Purchase Price has been paid in full. The Seller shall execute all documents presented by the Buyer that are necessary to finalize transfer of title of the Property to the Buyer. The Property has no title and the Seller therefore has no obligation to convey any title in the Property to the Buyer.
This bill of sale will become effective when all parties have signed it. The date this bill of sale is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this bill of sale.
9. ADDITIONAL TERMS OF SALE.
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Each party is signing this bill of sale on the date stated opposite that party's signature.
|Witnessed By: _______________________________________