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Bill of Sale
Create a compliant Bill of Sale for UAS assets in NC. Secure drones, LiDAR, and payloads with Part 107 certifications and N.C. Gen. Stat. § 25-2-201 compliance.
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Transferring high-value unmanned aircraft systems (sUAS) in North Carolina requires more than a handshake. Under N.C. Gen. Stat. § 25-2-201, transactions exceeding $500 must be in writing to be... Read more
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[Item Description]
[Detailed Asset Description (Include FAA Registration N-Number, Serial Number, LiDAR/Gimbal Model, and Payload Type)]
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 high-value unmanned aircraft systems (sUAS) in North Carolina requires more than a handshake. Under N.C. Gen. Stat. § 25-2-201, transactions exceeding $500 must be in writing to be enforceable. As a Part 107 professional, your Bill of Sale must capture specific payload details like gimbal IDs and LiDAR sensors, while addressing liabilities like privacy compliance and property damage history. Our North Carolina-specific document ensures your transfer includes mandatory 'As-Is' disclaimers and Seller Representations to protect you from the NC Unfair and Deceptive Trade Practices Act, securing your business's financial and regulatory standing.
While N.C. Gen. Stat. does not strictly require notarization for all personal property, it is highly recommended for high-value commercial drones to ensure enforceability and verify the identity of the parties. This added step helps mitigate risks related to the North Carolina Business Corporation Act standards for asset transfers and serves as proof of legal ownership transfer.
Your Bill of Sale should include a 'Warranties and Disclaimers' clause. In North Carolina, while you can sell a drone 'As-Is,' you must avoid any misrepresentations that could trigger the North Carolina Unfair and Deceptive Trade Practices Act (N.C. Gen. Stat. § 75-1.1). Transparency regarding known airframe stresses or past incidents is critical.
Yes. To document that the asset was managed by a qualified professional under FAA Part 107, including the Pilot Certificate number in the Seller’s Representations and Acknowledgments helps establish that the aircraft was operated in compliance with federal safety regulations and North Carolina State Aviation Authority guidelines.
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