Daud Wyllie January 10, 2020 Bill of Sale Examples
A Vehicle Bill of Sale is a legal document evidencing the detail of exchanged ownership of a vehicle. It establishes an `as is` assumption that the buyer accepts the purchase in its current condition. The bill details names and addresses of buyer and seller, date of sale, price, vehicle registration and other details.
Any bill of sale template, free or otherwise, ought to include these elements: Finally, any template should have a place for at least three signatures: the buyer(s), the seller(s), and at least one witness or notary. The bill of sale, if written properly, will have places for printed names, signatures, and dates at the bottom of the form. After you get to the bottom of the document, double-check it to make sure that it looks professional and is free of spelling and grammatical errors. If your bill of sale template passes muster, you`ll have a reusable legal document that can give you peace of mind anytime you`re buying or selling a tangible piece of property.
Nonetheless, using a bill of sale form is an excellent way to protect the legal rights of buyers and sellers. Understanding the legal issues pertaining to bills of sale is an essential step in keeping all parties satisfied with the transaction.
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