Illinois As Is Bill of Sale Form
An Illinois As Is Bill of Sale Form is a legal document used to record the transfer of personal property. It clearly states that the item is sold in its current condition, with no warranties or guarantees.
Why Do You Need an Illinois As Is Bill of Sale?
An As Is Bill of Sale is essential in Illinois to define the terms of the sale clearly. It is needed where the seller wants to avoid any responsibility for post-sale issues.
Common examples include;
- Used cars
- Boats
- Electronics
- Antiques
Using this form, the buyer and seller agree that the item is sold in its present state. It shows that both sides of the sale are fully aware of all certainties and uncertainties regarding the sale.
Illinois law , under its Uniform Commercial Code (UCC) provisions, recognizes "as is" clauses. This makes this document effective in limiting implied warranties. The document provides a clear record of the agreement and is essential in preventing disputes.
However, it does not provide protection against fraudulent transactions or misrepresentation by the seller.
Common Uses of an Illinois As Is Bill of Sale
For an Illinois As Is Bill of Sale Form to be effective, it must have the following details:
- The names and addresses of the buyer and the seller.
- A detailed description of the item being sold. This includes any identifying numbers like the VIN for a vehicle.
- The sale price.
- The date of the sale.
- A clear "as is" clause explicitly stating that the item is being sold in its current condition with no warranties.
- The buyer and the seller’s signatures.
Yes, a properly drafted and implemented Illinois As Is Bill of Sale Form is generally legally enforceable in Illinois. Such a clause effectively disclaims implied warranties under Illinois's UCC.
In Illinois, a general As Is Bill of Sale for personal items does not require notarization to be legally valid. However, for vehicle sales, you should follow the specific Illinois Secretary of State (SOS) requirements for title transfer.
Yes, you can sell a used vehicle "as is" in Illinois. You will need the Illinois As Is Bill of Sale to clearly communicate that the car is sold without warranties. However, sellers are required to comply with the federal odometer disclosure requirements. This applies to vehicles under 10 years old.
Through an “as-is” purchase in Illinois, the buyer takes an item as it is in its current condition. They are liable for all post-sale service and repair. This is why it’s important that buyers perform thorough inspections prior to closing on an “as is” sale.