Bill of Sale
Secure your plumbing business assets with a Colorado-compliant Bill of Sale. Protect against water damage liability and meet CO Rev. Stat. § 38-10-108 standards.
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Whether you are divesting heavy equipment like hydro-jetters and RIDGID cameras or selling your entire book of business, a standard bill of sale is insufficient for the plumbing industry. You must... Read more
Whether you are divesting heavy equipment like hydro-jetters and RIDGID cameras or selling your entire book of business, a standard bill of sale is insufficient for the plumbing industry. You must account for Colorado's specific strictures, including the Colorado Consumer Protection Act and the Statute of Frauds (C.R.S. § 38-10-108) for goods over $500. Our specialized document protects Colorado plumbers from post-sale water damage liability and includes the necessary disclaimers regarding code violations and 'as-is' plumbing fixture conditions to prevent future warranty claims or disputes over rough-in specifications.
Beyond the standard bill of sale sections, this template adds fields specific to Plumbing Company Owner:
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.
Warranty Claims
Clearly define warranty terms and conditions, including scope and duration of warranties, in contracts.
For this bill of sale to be legally valid:
Common mistakes to avoid:
Under Colorado's Statute of Frauds (C.R.S. § 38-10-108), any transaction for the sale of goods exceeding $500 must be documented in writing to be legally enforceable. This is critical for plumbing owners selling high-value assets like drain cleaners, pipe threaders, or service vehicles to ensure ownership transfer is recognized by Colorado courts.
Colorado law (C.R.S. § 8-2-113) is very restrictive regarding non-compete agreements. Generally, they are prohibited unless they fall under specific exceptions such as the sale of a business or the protection of trade secrets. Our bill of sale options help you navigate these restrictions while prioritizing compliance with Colorado's evolving labor and transparency laws.
The 'Warranties and Disclaimers' clause is vital. By specifying that specialized tools—such as backflow preventers or pumps—are sold 'as-is' and disclaiming all implied warranties of fitness for a particular purpose, you mitigate the risk of being held liable for code violations or catastrophic failures occurring after the transfer of ownership.
State laws affect what must be in this document. Pick your jurisdiction.
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