In Memphis, Tennessee, a Bill of Sale without Warranty by a Corporate Seller is a legal document used to transfer the ownership of a property or item from a corporation to an individual or another entity. This particular type of bill of sale emphasizes that the corporate seller is not providing any warranties or guarantees regarding the condition, title, or any other aspect of the property being sold. Keywords: Memphis Tennessee, Bill of Sale, without Warranty, Corporate Seller, transfer ownership, property, item, individual, entity, warranties, guarantees, condition, title. This type of bill of sale serves as proof of transaction and outlines the terms and conditions of the sale transaction. It is crucial for both the buyer and the seller to have signed copies of the document to protect their interests in the event of any disputes that may arise in the future. The Bill of Sale without Warranty by Corporate Seller typically includes the following information: 1. Parties Involved: The document starts by identifying the seller, who is a corporation, and the buyer, who can be an individual or another entity. 2. Description of the Property: A detailed description of the property or item being sold is included in the bill of sale. This description may include specifics like make, model, year, serial number, and any other identifying features. 3. Purchase Price: The agreed-upon purchase price between the buyer and the corporate seller is stated in the bill of sale. 4. Payment Terms: The terms of payment are outlined, including whether a down payment was made, if there are any installment payments, or if the transaction was paid in full at the time of the sale. 5. Transfer of Ownership: The bill of sale documents the transfer of ownership from the corporate seller to the buyer. It should include the date of the transaction and any relevant identification numbers, such as vehicle identification number (VIN). 6. No Warranty Clause: The most important aspect of this type of bill of sale is the inclusion of a clause stating that the corporate seller makes no warranties or guarantees regarding the property being sold. This clause ensures that the buyer purchases the property "as-is" and that they are assuming any risks or liabilities associated with it. It is important to note that there may be variations or additional details included in a Memphis Tennessee Bill of Sale without Warranty by Corporate Seller, depending on the specific circumstances of the transaction or the type of property being sold. Therefore, it is advisable to consult with a legal professional or utilize pre-drafted templates specific to the type of property being sold to ensure all necessary information is included.
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.