Bill of Sale
Create a legally binding Indiana drone bill of sale. Comply with FAA Part 107 and Ind. Code § 32-21-1-1 requirements for sUAS, LiDAR, and payload transfers.
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In Indiana, transferring high-value UAS assets requires more than a handshake. Per Ind. Code § 32-21-1-1 (Statute of Frauds), transactions over $500 must be in writing to be enforceable. For drone... Read more
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Legal Document
Seller
[seller_name]
Buyer
[buyer_name]
The Seller hereby sells, transfers, assigns, and conveys to the Buyer, and the Buyer hereby purchases and accepts from the Seller, the following described personal property (the "Property"): [item_description]. The Buyer acknowledges that the Buyer has had a full and adequate opportunity to inspect the Property prior to the execution of this Agreement and accepts the Property in its current condition as described herein.
The total purchase price for the Property is [sale_price] (the "Purchase Price"), payable in full by the Buyer to the Seller on or before the Sale Date. The Buyer and Seller acknowledge and agree that the Purchase Price represents the fair and agreed-upon value of the Property as negotiated between the Parties at arm's length. Upon receipt of the Purchase Price in full, the Seller shall be deemed to have been fully compensated for the sale, transfer, and conveyance of the Property, and the Seller shall have no further right, title, or interest in or to the Property or the Purchase Price.
The Seller hereby represents and warrants to the Buyer that: (a) the Seller is the sole and lawful owner of the Property and has full right, power, and authority to sell, transfer, and convey the Property to the Buyer; (b) the Property is free and clear of all liens, encumbrances, security interests, pledges, claims, charges, and restrictions of any kind whatsoever; (c) the Seller has not previously sold, transferred, assigned, pledged, or otherwise encumbered the Property or any interest therein to any other person or entity; and (d) the Seller will defend the Buyer's title to the Property against any and all claims and demands of any person or entity claiming an interest therein.
Upon execution of this Agreement and receipt of the Purchase Price in full, the Seller hereby irrevocably transfers, assigns, and conveys to the Buyer all of the Seller's right, title, and interest in and to the Property, free and clear of all liens, encumbrances, and claims of any kind. Title to and risk of loss of the Property shall pass from the Seller to the Buyer upon the execution of this Agreement and payment of the Purchase Price. From and after the transfer of title, the Buyer shall be solely responsible for the Property, including its care, maintenance, insurance, and all risks of loss, damage, theft, or destruction. The Seller agrees to execute and deliver to the Buyer any and all additional documents, instruments, or certificates as may be reasonably necessary or appropriate to evidence or effectuate the transfer of title to the Property.
5.1 Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the state in which the transaction is consummated, without regard to its conflict of laws principles. 5.2 Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, between the Parties relating to the sale and purchase of the Property. 5.3 Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and the remaining provisions shall continue in full force and effect. 5.4 Amendment. This Agreement may not be amended, modified, or supplemented except by a written instrument signed by both Parties. 5.5 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 5.6 Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective heirs, executors, administrators, legal representatives, successors, and assigns.
[uas registration and serial]
[payload hardware details]
IN WITNESS WHEREOF, the Parties have executed this Bill of Sale as of the date first written above, each acknowledging receipt of a copy of this Agreement.
Seller
Name: Seller
Date: 2026-04-19
Buyer
Name: Buyer
Date: 2026-04-19
In Indiana, transferring high-value UAS assets requires more than a handshake. Per Ind. Code § 32-21-1-1 (Statute of Frauds), transactions over $500 must be in writing to be enforceable. For drone pilots, a Bill of Sale does more than record a price; it formally transfers the chain of title for FAA registration, clarifies the 'as-is' status of sensitive hardware like gimbals or LiDAR sensors, and protects you from liability regarding the buyer's future flight operations or privacy violations under the Indiana Deceptive Consumer Sales Act.
Beyond the standard bill of sale sections, this template adds fields specific to Drone Pilot:
A Bill of Sale serves the core legal purpose of providing proof of the transfer of ownership of an item from the seller to the buyer. It formalizes the transaction and fulfills the legal need for documentation of the sale, aiding in preventing disputes over ownership and clarifying the terms and conditions agreed upon by the parties involved.
FAA Regulation Violations
Contracts can specify that pilot maintains active Part 107 certification and compliance with all FAA guidelines.
Privacy Invasions
Agreements often include clauses ensuring compliance with federal and state privacy laws, as well as specifying data collection practices.
Yes. While the FAA manages the Part 107 registry federally, they require proof of a legal transfer of ownership to deregister the seller and register the buyer. An Indiana Bill of Sale provides this evidence and satisfies Ind. Code § 32-21-1-1 requirements for the sale of goods over $500.
Your Bill of Sale should include a 'Description of the Item Sold' that lists the serial numbers for both the airframe and the specific sensors or gimbals. This prevents disputes regarding the scope of work or data services tied to the hardware and ensures the buyer acknowledges the condition of calibrated equipment.
The Bill of Sale includes a 'Buyer’s Acknowledgment' clause where the buyer accepts the current condition of the UAS and assumes all future liability. This is critical for mitigating risks related to future airspace or privacy violations once the drone leaves your control.
Provided your Bill of Sale contains a clear 'Warranties and Disclaimers' section (an 'as-is' clause), the risk of loss passes to the buyer upon signing. Without this, you could be vulnerable to claims under the Indiana Deceptive Consumer Sales Act if the buyer alleges undisclosed mechanical defects.
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For this bill of sale to be legally valid:
Common mistakes to avoid:
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