Bill of Sale
Create a Colorado-compliant Bill of Sale for app assets. Secure intellectual property rights, transfer SDK access, and ensure CPA compliance in CO.
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Transferring mobile applications requires more than a simple receipt; it demands the legal transfer of intellectual property and source code. For Colorado developers, this means navigating the... Read more
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Customize your Bill of Sale
12 fields · Takes about 2 minutes
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.
[app technical assets]
[liabilities disclaimer]
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
Transferring mobile applications requires more than a simple receipt; it demands the legal transfer of intellectual property and source code. For Colorado developers, this means navigating the Colorado Privacy Act (CPA) and ensuring transaction transparency. This Bill of Sale protects you from liabilities related to app store rejections, user data privacy breaches, and crash failures by clearly defining the SDKs, push notification certificates, and analytics accounts included in the purchase. By memorializing the transfer under Colo. Rev. Stat. § 38-10-108, you mitigate risks of IP infringement and ensure both parties are protected against future claims regarding the app's performance or compliance with GDPR and COPPA.
Beyond the standard bill of sale sections, this template adds fields specific to Mobile App Developer:
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.
Intellectual Property Infringement
Use warranties and indemnities clauses in contracts to protect against IP claims, ensure proper IP ownership agreements.
Liability for App Crashes or Failures
Include limitation of liability and warranty disclaimers in user agreements and terms of service.
While the Bill of Sale identifies these assets as part of the sale, developers must ensure that individual SDK licenses and API terms of service permit such transfers. This document includes a 'Description of the Item Sold' section where you should list specific push notification certificates, in-app purchase credentials, and third-party integrations being transferred.
If your app handles data of Colorado residents, the transfer of user analytics and personal information must comply with the CPA. This Bill of Sale should be paired with a clear acknowledgment of data protection responsibilities, ensuring the buyer is aware of their duty to maintain privacy policies that adhere to GDPR, CCPA, and CPA standards upon acquisition.
Under Colo. Rev. Stat. § 8-2-113, restrictive covenants are strictly limited. Our document uses robust Warranties and Disclaimers alongside Seller’s Representations to confirm you are the lawful owner of the code and that the asset is free from liens. This provides the buyer with 'as-is' notification while ensuring the developer's move to future projects isn't unfairly hindered.
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