The North Dakota Bill of Sale of Goods or Personal Property with Covenants is a legally binding document that serves as a contract between a buyer and a seller during the transferring of ownership of goods or personal property. It outlines the specific details of the transaction, including the identification and description of the items being sold, the agreed-upon purchase price, and any covenants or warranties provided by the seller. Key elements included in a North Dakota Bill of Sale of Goods or Personal Property with Covenants are: 1. Identification of Parties: This section specifies the legal names and contact information of both the buyer and the seller involved in the transaction. It is crucial to accurately identify all parties involved to ensure the document's validity. 2. Description of Goods or Personal Property: Here, a detailed description of the goods or personal property being sold should be provided. This includes specific information such as make, model, year, condition, serial numbers, and any other relevant details necessary for the identification of the item. 3. Purchase Price: The agreed-upon purchase price is clearly stated in the bill of sale. It should be mentioned whether the payment is made in a lump sum or through installments, including any agreed-upon down payment or deposit. 4. Covenants and Warranties: This section outlines any covenants or warranties provided by the seller to the buyer. Covenants refer to any promises or guarantees made by the seller, such as the property being free of liens or encumbrances. Warranties may include guarantees regarding the item's quality, performance, or condition. In terms of different types of North Dakota Bills of Sale of Goods or Personal Property with Covenants, there might not be specific variations based on the state. However, there could be variations based on the nature of the goods or personal property being sold, such as: 1. Vehicle Bill of Sale: Specifically used for transactions involving vehicles, this type includes additional information such as vehicle identification number (VIN), mileage, and vehicle condition. 2. Real Estate Bill of Sale: Used for transferring ownership of real estate or immovable properties, this type requires more extensive details about the property, such as legal descriptions, boundaries, and any associated mortgages or liens. 3. General Personal Property Bill of Sale: This type covers the sale of various personal items like furniture, appliances, electronics, or other movable possessions. It is used for transactions not falling under the vehicle or real estate category. It is important to note that consulting with a legal professional is advisable to ensure the accuracy and legality of any North Dakota Bill of Sale of Goods or Personal Property with Covenants, as requirements and regulations may vary.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.