Vehicles. In motor vehicle sales, the automobile bill of sale represents the transfer of the RIGHT to ownership while the vehicle's certificate of title represents ACTUAL ownership and is required in every state. This Bill of Sale shall be signed by the Buyer 's Representative and by the Seller 's Representative, and shall be effective as of. The parties hereby agree to execute such other documents and perform such other acts as may be necessary or desirable to carry out the purposes of this Bill of Sale. The terms of this Bill of Sale shall bind and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. In no event shall either party be liable for incidental, consequential, indirect or special damages of any kind, including but not limited to loss of profit. 
In the event any dispute between the parties hereto should result in litigation or arbitration, the prevailing party shall be reimbursed for all reasonable costs in connection therewith, including, but not limited to, reasonable attorney's fees and defense costs. Additionally, the Buyer has accepted the Property in its existing condition.
The Buyer has been given the opportunity to inspect the Property, or alternatively, have the Property inspected.
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