Daud Wyllie January 10, 2020 Bill of Sale Examples
It is also important to realize that the seller must have full rights to sell the property listed on the bill of sale form; otherwise, there could be serious legal repercussions for the seller. Hence, it is advisable for the buyer to request that the seller produce documentation showing that he or she has full ownership rights to the item(s) being sold. If this documentation cannot be produced upon request, the buyer should be hesitant to sign a bill of sale.
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.
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.
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