Charli Trundle January 9, 2020 Bill of Sale Examples
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.
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.
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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