Meghan Stokhorst January 10, 2020 Bill of Sale Examples
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).
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.
A lease agreement establishes the terms and conditions for borrowing or rental of property, be it real estate, equipment or other asset. It details the parties, the leased property, duration of the lease, expectations, rights and obligations of both parties. When signed it is legally enforceable.
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