Arizona Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation

State:
Multi-State
Control #:
US-OG-099
Format:
Word; 
Rich Text
Instant download

Description

If an operator elects to abandon wells, a landowner may want to take the wells over, to continue to produce them, or convert them to some other use. This form provides for a transfer of the equipment in exchange for the assumption of the obligation to plug the well(s).

How to fill out Bill Of Sale For Equipment In Consideration Of Buyer Assuming Plugging Obligation?

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FAQ

An Arizona Bill of Sale is a document used to officially record the sale of a car, boat, or firearm. Ownership is legally transferred to the buyer once the form has been filled out with the appropriate information and signed by both parties.

When you sell something like that, your bill of sale will include basic information like: Seller name and contact information. Buyer name and contact information. Description of the item(s) you're selling. Price of the item(s) you're selling. Date the sale was made. Space for the buyer and seller to sign.

In order to complete your sale of your car in Arizona, you must transfer your title by entering the name of the buyer on the Bill of Sale in the buyer/purchaser field. Please PRINT and SIGN your name in the seller/owner field EXACTLY as it appears at the top of the title.

The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.

This answers the question of is the bill of sale same as the title, as you'll need one to get the other. Think of the two documents as complementary. While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyer's legal ownership.

That might get you to wonder if a handwritten bill of sale is legally binding. Handwritten bills of sale are indeed contractual agreements ? so long as they have the right elements.

An equipment bill of material (EBOM) lists all of the components of an asset, including its assemblies and subassemblies. With a reliable equipment bill of materials, a planner can determine exactly what parts are needed.

Titles and Registrations MVD FeeNon-Member Convenience FeeRegistration RenewalVaries$15Arizona Title Only Transfer$4$15Arizona Title and Registration TransferVaries$15Initial Arizona Title Only$4$157 more rows

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Arizona Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation