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Bill of Sale with Warranty for Corporate Seller - Virginia

Bill of Sale with Warranty for Corporate Seller - Virginia 2025

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The document is a Warranty Bill of Sale, outlining the sale of personal property from a Seller (a corporation) to a Purchaser for a specified amount. It includes terms affirming the Seller's ownership and authority to sell the property, as well as a warranty against claims from third parties. The document requires signatures and notarization to validate the transaction.

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Is a handwritten bill of sale legal in Virginia?

If you do not qualify for a gift tax exemption, please provide a proof of purchase price, such as a buyers order, bill of sale or the sellers declared sale price. The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification signed by the seller or purchaser.

How to write a bill of sale in Virginia?

Virginia Bill of Sale Requirements Names and signature of buyer and seller: Note the printed and signed names of the buyer and seller. Sale price: Write the final sale price for the product, determined at the end. Date of sale: Note the specific date ownership transferred from one person to the next.

Is a bill of sale valid if not notarized?

No, a bill of sale typically does not need to be notarized by both parties. In most cases, only the sellers notarization is required.

Does Virginia require a notarized bill of sale?

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during their ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

Does a bill of sale need to be notarized in Virginia?

In most cases, a Virginia bill of sale does not require notarization. However, certain transactions, such as real estate transfers, may require notarization for validity. Its always best to consult with legal professionals for specific requirements.

What is a special warranty bill of sale?

A representation is a statement of fact that is true to the best of the makers knowledge on the effective date of the representation. For instance, Seller represents that Seller has the authority to transfer this company. A warranty gives the buyer indemnification if the representation is false.

What is the difference between a bill of sale and a warranty bill of sale?

A warranty bill of sale offers protections for the buyer that a simple receipt does not. This kind of bill of sale clearly details what is being sold and gives a guarantee to the buyer about the sellers ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.

Bill of Sale with Warranty for Corporate Seller - Virginia 2025

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