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Bill of Sale with Warranty for Corporate Seller - Nebraska

Bill of Sale with Warranty for Corporate Seller - Nebraska 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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What are representations and warranties of the 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 does represents and warrants mean?

The phrase represents and warrants is a fixture in English-language contracts. Its used to introduce statements of fact, as are the verbs represents and warrants used separately. And the words representation and warranty are used to refer to statements of fact in a contract.

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.

What is a special warranty 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.

Is a bill of sale valid without a notary?

Many states dont mandate notarization for bills of sale. States like California, Texas, Florida, Ohio, and New York allow transactions without a notarized document. In these states, a signed bill of sale is often sufficient for legal purposes, provided it includes all required information.

What is the purpose of representation and warranties?

The representations and warranties allocate risk between the parties and serve as the foundation for an indemnification claim in case of a breach or inaccuracy.

Bill of Sale with Warranty for Corporate Seller - Nebraska 2025

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