Charli Trundle January 9, 2020 Bill of Sale Examples
To better understand the legal aspects surrounding a bill of sale, it is important to go online and search for a sample bill of sale and look at the legal language used in these forms and take note of their common terms and elements. However, be sure to verify the quality of any legal form if you actually intend to use it.
Check to see if there is a section where the seller and/or buyer can indicate the details of the property that is to be transferred. There should be sufficient room in this section to leave highly detailed information about the property and its at the time of purchase. Keep in mind that if more than one item is encompassed within the transaction, it may be necessary to itemize or list the particular items separately. If this is the case in your situation, the bill of sale template that you choose should allow for this.
A bill of sale, also referred to as a “purchase and sale”, is a document that establishes the details of a transaction between two (2) parties, Buyer, and Seller. The form is usually very simple stating the financial terms of the agreement followed by the signature of the seller (buyer’s signature may not be required). The monetary funds (such as cash or certified check) should exchange hands at the time of purchase (which should also be dated in the bill of sale).
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