Legal Owner Declaration

LEGAL OWNER DECLARATION

This Legal Owner Declaration (the "Declaration") is made as of by Owner Name: , Owner Address: (the "Owner"), and Recipient Name: , Recipient Address: (the "Recipient").

RECITALS

WHEREAS, Owner is the lawful and beneficial owner of the asset described as: , identified by ; and, if real property, Legal Description:

WHEREAS, Owner acquired such asset on or about by means of for consideration of USD;

WHEREAS, Recipient requires a written declaration of ownership and accompanying representations and warranties from Owner in order to rely upon Owner's title and authority in connection with administrative, registration, transfer, or recordation matters.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. DECLARATION OF OWNERSHIP

Owner hereby declares and certifies that Owner is the sole legal and beneficial owner of the asset described above, and holds good and marketable title to such asset free and clear of any liens, security interests, adverse claims or encumbrances except as expressly disclosed in this Declaration. Owner's current ownership interest is: .

2. AUTHORITY AND CAPACITY

Owner represents and warrants that Owner has full power, authority, and legal capacity to execute, deliver and perform this Declaration and to grant any consents or instruments reasonably necessary to effectuate the matters contemplated hereby. If Owner is signing in a representative capacity, Owner further warrants that Owner has attached and produced evidence of such authority.

Individual    Corporation    Limited Liability Company    Trust    Other:

3. ENCUMBRANCES AND LIENS

Owner represents that, except as disclosed below and in any attachments, there are no mortgages, deeds of trust, security agreements, leases, judgments, pending actions, or other encumbrances affecting the asset. Owner discloses the following known encumbrances (if none, state "NONE"):

4. SUPPORTING DOCUMENTATION

Owner attaches, or will deliver upon request, originals or certified copies of documents evidencing ownership and authority, including any of the following (check all that apply):

Deed / Title Document    Certificate of Title    Bill of Sale    Trust Agreement    Corporate Resolution   

5. REPRESENTATIONS AND WARRANTIES

Owner represents and warrants to Recipient that: (a) all information provided in this Declaration and any attachments is true, complete and correct as of the date hereof; (b) there are no undisclosed actions, proceedings, claims or notices relating to title or ownership of the asset; (c) Owner is not subject to bankruptcy, insolvency, or assignment for the benefit of creditors that would impair Owner's ability to transfer or encumber the asset; and (d) Owner will notify Recipient promptly in writing of any change in the facts or circumstances set forth herein.

6. INDEMNITY

Owner agrees to indemnify, defend and hold harmless Recipient, its officers, agents and employees from and against any and all losses, claims, demands, liabilities, damages, costs and expenses (including reasonable attorneys' fees) arising out of any breach of the representations, warranties or covenants contained in this Declaration or any misstatement or omission of a material fact by Owner.

7. NOTICES

All notices, requests, demands and other communications required or permitted under this Declaration shall be in writing and shall be deemed given when delivered personally, sent by certified mail (return receipt requested), or delivered by nationally recognized overnight courier to the addresses set forth below or to such other address as a party may designate by notice:

8. GOVERNING LAW

This Declaration shall be governed by and construed in accordance with the laws of the state or jurisdiction specified here: , without regard to conflicts of law principles.

9. ENTIRE AGREEMENT

This Declaration, together with all attachments and documents referenced herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings and representations, whether written or oral.

10. SEVERABILITY

If any provision of this Declaration is held to be invalid, illegal or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect and shall be construed so as to give effect to the parties' intent as reflected herein.

11. AMENDMENTS; WAIVER; COUNTERPARTS

This Declaration may be amended or modified only by a written instrument signed by both parties. No failure or delay by any party in exercising any right or remedy under this Declaration shall constitute a waiver of such right. This Declaration 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.

12. FURTHER ASSURANCES

Each party agrees to execute and deliver such further instruments and to perform such further acts as may be reasonably necessary to effectuate the purposes and intent of this Declaration.

Sign Now