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Bill of Sale with Warranty for Corporate Seller - Maine

Bill of Sale with Warranty for Corporate Seller - Maine 2025

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The document is a Warranty Bill of Sale, outlining the sale of personal property from a corporation (Seller) to a Purchaser for a specified amount. It includes assurances from the Seller regarding ownership and the right to sell the property, as well as a commitment to defend the sale against any claims. The document requires signatures and notarization to validate the transaction.

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Is a bill of sale a legally binding document?

Yes, a bill of sale is generally considered legally binding whether its notarized or not. While notarization adds authenticity and may be required in some jurisdictions, its absence does not invalidate the bill of sales validity.

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.

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 disclaimer of warranty on a bill of sale?

A warranty disclaimer is a statement or clause in a contract that excludes or limits the sellers responsibility for certain warranties. This typically means that the seller is not guaranteeing that the product or service will meet specific standards or perform in a particular way.

Does Maine require a bill of sale?

If purchased in a private sale: Signed Bill of Sale from previous owner with complete description of vehicle and sale price. If vehicle is purchased from a non-jurisdictional (non-title State for that year), a notarized Bill of Sale from the last registered owner is required.

What makes a bill of sale legitimate?

Your bill of sale shows proof that both buyer and seller had legal intent to transfer ownership of any given item. Because of this, your bill of sale protects both parties involved in the sale from any malicious legal issues.

Is a warranty deed the same as a bill of sale?

A deed (warranty or otherwise) is written evidence of the transfer of ownership of real estate. A bill of sale is written evidence of the transfer of ownership of a tangible object (i.e., not real estate). The deed that you signed establishes the date of the sale.

What is the warranty of sale?

Sales warranties are guarantees that sellers make to people who purchase goods from them. The sales warranty rules apply only to the sale of goods, that is, tangible items. Sales warranties do not apply to sales of services or property.

Bill of Sale with Warranty for Corporate Seller - Maine 2025

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