Bill of Sale - South Dakota

SOUTH DAKOTA BILL OF SALE

This Bill of Sale is made on [__/__/____] by [SELLER FULL LEGAL NAME], address [SELLER ADDRESS] (“Seller”), and [BUYER FULL LEGAL NAME], address [BUYER ADDRESS] (“Buyer”). Seller sells to Buyer the property described below on these terms.

1. Property

Property type: ☐ Motor vehicle. ☐ Other tangible personal property: [TYPE].

Description: [MAKE, MODEL, YEAR, COLOR, SERIAL NUMBER, VIN IF VEHICLE, QUANTITY, AND OTHER UNIQUE IDENTIFIERS].

Included accessories and records: [LIST OR “NONE”]. Excluded items: [LIST OR “NONE”].

Existing liens or claims, if any: [IDENTIFY LIENHOLDER, AMOUNT, RELEASE PLAN, AND EVIDENCE OR “NONE”]. Seller represents that Seller owns the property and has authority to sell it, subject only to the disclosed interests. Seller shall deliver the property free of undisclosed liens created through Seller.

2. Price, payment, and delivery

Total purchase price: $[____]. Payment made today: $[____] by [METHOD]. Balance: $[____], payable by [__/__/____] by [METHOD]. If the purchase price includes a trade, describe the trade and its agreed credit: [____]. Seller acknowledges receipt only of the amount expressly marked paid above.

Delivery date, time, and location: [____]. Person responsible for transport and cost: [____]. Seller shall provide [KEYS, ACCESS DEVICES, RECORDS, OR OTHER ITEMS] on delivery. Risk of accidental loss passes to Buyer on [DELIVERY / ANOTHER SPECIFIED EVENT]. If the property is materially damaged before that event, Buyer may terminate and recover payments made or agree in writing to a revised price and delivery.

Tax, title, registration, and other charges: [STATE WHO PAYS EACH APPLICABLE CHARGE; FOR A VEHICLE, VERIFY CURRENT SOUTH DAKOTA MOTOR VEHICLE EXCISE TAX AND FEES WITH THE DEPARTMENT OF REVENUE]. This allocation does not change any person's obligation to a taxing or title agency.

3. Condition and warranties

Seller discloses these known material defects or damage: [DETAILS OR “NONE KNOWN”]. Buyer had the following inspection opportunity: [DATE AND SCOPE]. Select one of the following and delete the other before signing:

☐ As is: Buyer accepts the property's present condition, subject to Seller's express ownership, lien, identification, and defect statements in this Bill of Sale. Seller makes no other contractual condition warranty. Any disclaimer of implied warranties must be reviewed for the actual parties, property, and transaction.

☐ Express warranty: Seller additionally warrants the following specific condition, for the stated period and remedy: [COMPLETE DESCRIPTION, DURATION, CLAIM NOTICE, REPAIR/REFUND PROCESS, AND ANY EXCLUSIONS].

Neither choice excuses a false title, lien, mileage, or other statement required by applicable law.

4. Titled motor vehicle supplement

Complete this section only if the item is a motor vehicle. Vehicle identification number: [VIN]. Title number and issuing state: [____]. Current titled owner(s): [____]. Lienholder shown on title: [____ / NONE]. Title or lien-release documents to be delivered and date: [____]. Seller and Buyer shall complete the title assignment and other current Department of Revenue documents required for this transaction. The Department advises that a seller should provide a bill of sale in addition to the title, and that a buyer generally has 45 days to apply for title and registration of an acquired vehicle.

Odometer disclosure: ☐ The transfer requires disclosure. ☐ An exemption applies; identify the exact ground and supporting vehicle data: [____]. When disclosure is required, Seller and Buyer shall complete it on the physical or electronic title, or a permitted title-reassignment channel, under 49 CFR § 580.5. A titled transferor uses the title, not a reassignment document. Any mileage written in this Bill of Sale is for identification only and does not replace the required disclosure and signatures on the authorized document.

Check an exemption under 49 CFR § 580.17 only after confirming its facts. Examples include a vehicle with GVWR more than 16,000 pounds, a non-self-propelled vehicle, a model-year 2010 or earlier vehicle transferred at least 10 years after January 1 of its model year, and a model-year 2011 or later vehicle transferred at least 20 years after January 1 of its model year. Exactly 16,000 pounds is outside the weight exemption. Other regulatory exemptions may apply. Model year: [____]. GVWR: [____]. Transfer date: [__/__/____].

Additional agency-required transaction documents, if any: [____]. A contractual condition disclosure below does not replace a form required by the title agency for this particular transaction: [DESCRIBE CONDITION, SALVAGE STATUS, OR “NONE DISCLOSED”].

5. Failure to perform and disputes

A party who cannot perform shall give the other written notice at [EMAIL OR POSTAL ADDRESS] describing the problem. Unless immediate action is required by law or the parties agree otherwise, the receiving party has [____] days after receipt to cure. The nondefaulting party may seek the remedies available under this Bill of Sale and applicable law. There is no automatic forfeiture, indemnity, attorney-fee award, or liability cap under this form.

South Dakota law governs this Bill of Sale to the extent its choice is enforceable. Changes must be in writing and signed by both parties. This document and any signed schedules contain the parties' agreement about this sale. It may be signed in counterparts.

6. Signatures

Seller signature: __________________________ Printed name/capacity: [____] Date: [__/__/____]

Buyer signature: __________________________ Printed name/capacity: [____] Date: [__/__/____]

Additional titled owner or required signatory, if any: __________________________ Printed name/capacity: [____] Date: [__/__/____]

Attached schedules or supporting documents: [LIST OR “NONE”]. Each party should keep a signed copy and the separate title and payment records.