Daud Wyllie January 10, 2020 Bill of Sale Examples
For one thing, if all of the basics aren`t there, then you don`t have a usable bill of sale template. Even if it`s free of charge, avoid any template that doesn`t indicate a place to write or type the names of the buyer and seller, along with their addresses and telephone numbers. If also there`s a place in the template to include email addresses, that`s even better.
A bill of sale is a document used in the transfer of an item`s ownership from the person selling it (the Seller) to the person purchasing it (the Buyer). It contains all pertinent information regarding the sale, including contact information for the buyer and seller, warranty information (if applicable), date, time, the price paid, and other pertinent information of the transaction. Day-to-day bills of sales come in many forms and can be as minor as a receipt for a pack of gum, or as major as a record of a large, and expensive purchase, such a boat or a car.
It’s important to note that a bill of sale does not prove ownership. Its purpose is only to record a transaction between two parties. A title transfer, nonetheless, proves ownership by transferring the title of the item (car, house, boat etc.) to its new owner by officially notifying the governing state that the item has been sold to a new owner.
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