New Mexico Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation

State:
Multi-State
Control #:
US-OG-099
Format:
Word; 
Rich Text
Instant download

Description

If an operator elects to abandon wells, a landowner may want to take the wells over, to continue to produce them, or convert them to some other use. This form provides for a transfer of the equipment in exchange for the assumption of the obligation to plug the well(s).

How to fill out Bill Of Sale For Equipment In Consideration Of Buyer Assuming Plugging Obligation?

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FAQ

I just bought a vehicle. What do I need to get a title and registration? Though every title situation is different from the last, you should at least have the original title or a bill of sale from the previous owner.

The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.

An equipment bill of material (EBOM) lists all of the components of an asset, including its assemblies and subassemblies. With a reliable equipment bill of materials, a planner can determine exactly what parts are needed.

The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.

In certain sales transactions, you are required to have a bill of sale. New Mexico law requires one when a vehicle is being sold and the Certificate of Title is incomplete. There are also many other situations when you may want this type of form, including any circumstances in which personal property is changing hands.

Contact information for the buyer, including name, address, and phone number. A detailed description of the item being sold, such as the serial number, make, model, color, description, features, faults, and any other important identifying information. The agreed-on price and payment details. Method of payment.

Does a Utah bill of sale Have to be notarized? No, this does not have to be notarized. Both a handwritten and a typed or printed form will be recognized as valid, but a handwritten document should be in ink and not in pencil.

The bill of sale should contain: name and address of the buyer; name, address and signature of the seller; complete vehicle description, including the Vehicle Identification Number (VIN); description of trade-in, if any; purchase price of the vehicle; trade-in allowance, if applicable; and. net purchase price.

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New Mexico Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation