This bill of sale is between (the "Buyer"), of , , , and (the "Seller"), , , , .
The parties agree as follows:
1. SALE OF VEHICLE.
The Seller hereby sells to the Buyer and the Buyer purchases from the Seller, the following motorcycle (the "Motorcycle"):
2. PURCHASE PRICE.
On or before the Delivery Date (as defined in section 6 7 below), in exchange for the sale of the Motorcycle, the Buyer shall pay the Seller the purchase price of $ (the "Purchase Price").
3. SELLER'S REPRESENTATIONS.
The Seller represents to the Buyer that:
4. BUYER'S REPRESENTATIONS.
The individual signing this agreement on behalf of the Buyer represents to the Seller that he or she has the power and authority to complete this transaction on behalf of the Buyer.
4 5 . NO OTHER REPRESENTATIONS.
Except for the representations provided in section 3, the Buyer acknowledges that the Motorcycle is being sold "as is," without warranty, whether express or implied, about the condition of the Motorcycle. The Buyer must satisfy itself as to what is offered for sale, and by purchasing will be held to have satisfied itself that the Motorcycle is satisfactory in all respects. All defects and repairs are the sole responsibility of the Buyer. The Seller neither assumes, nor authorizes any other person or entity to assume on its behalf, any liability in connection with the sale of the Motorcycle. The Seller's disclaimers of warranty do not affect the terms or applicability of any warranty from the Motorcycle's manufacturer that may be applicable to the Motorcycle.
5 6 . INSPECTION.
The Motorcycle has not been inspected by an independent and licensed mechanic within the last month. A copy of that inspection report is attached to this bill of sale.
To the best of its knowledge, the Seller believes that the Motorcycle is being sold in good operating condition , except for the following defects: .
6 7 . DELIVERY OF MOTORCYCLE.
The Seller shall deliver the Motorcycle, and the Buyer shall take possession of the Motorcycle, at the Seller's address as listed above, on or before (the "Delivery Date"). The Seller shall ensure that the Motorcycle is delivered in the same condition as the Buyer's last inspection (or, if no inspection was conducted, as of the effective date of this bill of sale). 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 Motorcycle. If the Buyer does not appear at the Seller's address on the Delivery Date to remove the Motorcycle, the risk of loss of the Motorcycle passes to the Buyer.
7 8 . CONVEYANCE OF TITLE.
The Seller shall convey title to the Motorcycle to the Buyer when the Motorcycle 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 and registration of the Motorcycle to the Buyer.
8 9 . CANCELLATION OF INSURANCE AND TAGS.
Unless prohibited by applicable law, the Buyer will cancel any insurance coverage, license, tags, plates, or registration maintained by the Seller on the Motorcycle when the Buyer takes possession of the Motorcycle.
9 10 . EFFECTIVENESS.
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.
10 11 . 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.