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Bill of Sale
Create a Colorado-compliant drone Bill of Sale. Protect yourself with Part 107 identification, as-is clauses, and CO-specific consumer protection terms.
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Transferring specialized sUAS equipment like LiDAR-equipped drones or inspection rigs requires more than a simple receipt. In Colorado, a Bill of Sale must satisfy Colo. Rev. Stat. § 38-10-108 for... Read more
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[Item Description]
[Included Payloads (e.g., LiDAR, Gimbal, Thermal Camera, Battery Count)]
Clearly identifies the buyer and seller by full legal names and contact information. Essential for establishing the parties involved in the transaction.
Provides a detailed description of the item being sold, including make, model, serial number, or other unique identifiers. Necessary to avoid ambiguity and disputes about what was sold.
States the agreed purchase price, any deposits, and the terms of payment. It is crucial for evidencing mutual consent on the financial transaction.
Outlines any warranties provided by the seller or the disclaimer of any warranties ("as-is" clause). This section protects the seller against future claims by the buyer and informs the buyer of their rights.
Sellers typically confirm that they are the legal owner of the item and that it is free from liens or claims. Confirms the seller's right to sell the property and the buyer's acceptance of the item's condition.
Details that the buyer accepts the current condition of the item and agrees to the terms of the sale. Critical for confirming buyer's understanding and acceptance.
Specifies which state's law will govern the interpretation and enforcement of the bill of sale. Important for determining the jurisdiction in case of legal disputes.
Provides spaces for both parties to sign and date the document. Necessary to confirm agreement and consent from both parties.
Some states require the document to be witnessed or notarized for certain transactions, especially those involving high-value items or where required by state law. Adds an extra layer of authenticity.
Transferring specialized sUAS equipment like LiDAR-equipped drones or inspection rigs requires more than a simple receipt. In Colorado, a Bill of Sale must satisfy Colo. Rev. Stat. § 38-10-108 for transactions over $500 while addressing unique drone liabilities. As a Part 107 pilot, you need a document that explicitly identifies flight controllers and payloads, provides clear Warranties and Disclaimers to mitigate property damage risks, and confirms the status of FAA drone registration. This protects your professional reputation and ensures compliance with the Colorado Consumer Protection Act by providing transparent disclosures of the drone's operational history.
A Bill of Sale provides legal proof of ownership transfer, but it does not automatically update the FAA DroneZone. Per FAA Part 107 and Section 336 distinctions, the seller must un-register the sUAS from their account. Our document includes a Required Clause for 'Description of the Item Sold' where you should include the FAA registration number to ensure the buyer can re-register the aircraft with the same UAS serial number.
Yes, our Colorado template includes a 'Warranties and Disclaimers' section where the seller can specify the drone is sold 'As-Is.' This is crucial for drone pilots to mitigate liability for future crash damage or gimbal failure. However, per the Colorado Consumer Protection Act, sellers must still disclose known latent defects to avoid allegations of deceptive trade practices.
While a Bill of Sale primarily transfers hardware, if the sale includes proprietary software or flight data, Colo. Rev. Stat. § 8-2-113 restricts how non-compete clauses can be applied. Additionally, if the drone purchase is part of an employment or independent contractor buyout, Colorado’s equal pay transparency rules (Colo. Rev. Stat. § 8-5-201) may require clear disclosure of the transaction value related to the pilot's compensation.
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