Bill of Sale
Secure your locksmith asset transfers in Maryland. Compliant with MD Com. Law and Consumer Protection standards. Create a legal Bill of Sale today.
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Whether you are selling a rekeying kit, advanced access control hardware, or an entire locksmith service van, a standard receipt isn't enough. In Maryland, transactions exceeding $500 fall under the... Read more
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Customize your Bill of Sale
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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.
[equipment serial numbers]
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
Whether you are selling a rekeying kit, advanced access control hardware, or an entire locksmith service van, a standard receipt isn't enough. In Maryland, transactions exceeding $500 fall under the Statute of Frauds (Md. Code Com. Law § 2-201) and require a written instrument to be enforceable. As a locksmith, your equipment often carries liability—from master key systems to specialized decoding tools. Our Maryland-specific Bill of Sale includes required clauses for parties identification, asset descriptions, and purchase price, while integrating essential 'As-Is' disclaimers to mitigate property damage or unauthorized entry claims. Protect your business and ensure compliance with the Maryland Personal Information Protection Act by documenting every hardware transfer properly.
Beyond the standard bill of sale sections, this template adds fields specific to Locksmith:
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.
Property Damage Liability
Liability can often be limited through disclaimers in service agreements and obtaining customer's acknowledgment prior to service commencement.
Unauthorized Entry Claims
Contracts should clearly define the circumstances under which entry will be provided, including verification of customer's authority to grant access.
Under Md. Code Com. Law § 2-201, any sale of goods valued at $500 or more must be in writing to be legally enforceable. For locksmiths selling high-value items like electronic deadbolts or diagnostic programmers, a formal Bill of Sale provides the necessary legal proof of transfer and protects against future payment disputes.
Maryland law (Md. Code Lab. & Empl. § 3-716) strictly limits non-compete agreements for low-wage workers earning less than $31,200 annually. If the sale involves transferring employees alongside equipment, you must ensure your contractual limitations do not violate these specific Maryland labor protections or the Wage Payment and Collection Law.
Your Bill of Sale should include a 'Sellers Representations' clause and an acknowledgment that the buyer is authorized to possess the tools. This helps protect you from 'Unauthorized Entry Claims' and liability related to future lockouts or key duplication activities performed by the new owner.
While Maryland law does not require notarization for all personal property sales, it is highly recommended for high-value locksmith assets or when required for perfecting a personal property lien under Md. Code Ann., Comm. Law § 16-101. Notarization provides an extra layer of authenticity that can prevent disputes over signatures.
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