Prepare a contract for a bill of sale to purchase and import an exotic expensive automobile for a fictitious client. The contract will set forth all of the following:

I. The names of parties - buyer(s) and seller(s), and identify:

a. Individuals or business entities?

b. If businesses, what type? (Partnership, LLC, Corporation, etc.)

c. Name of person signing on behalf of the business(es)

d. Signer's official title;

II. The specific terms of the sale including but not limited to:

1. Description of the product

2. Amount of the down payment

3. Allocation of costs

4. Method of delivery

5. Time for performance (delivery)

6. Insurance

7. Risk of loss

8. Warranties

9. Disclaimers

10. Limitations on liability

11. Liquidated damages

12. Time and the method of the final payment

13. Taxes

14. Interest

15. Late fees

16. Choice of governing law

17. Forum selection

18. Venue selection

19. Mediation and/or arbitration provisions

20. Statement that contract constitutes entire agreement

21. Severability of individual provisions

22. Signatures blocks of authorized signatories

Use the name of the street you grew up to create the name of the seller (the foreign entity seller). Use your favorite pet’s name to create the name of the buyer (your client the buyer).