Bill of Sale Information
A Bill of Sale is a form that a seller uses to document the sale of an item to a buyer. It serves as a receipt for personal sales and purchases and includes buyer and seller information and details about the goods, their location, and the price.
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).
In this article, you’ll find more information on creating a bill of sale and legal considerations to keep in mind when using one. You’ll also find a variety of free bill of sales templates for a range of items, including vehicles and motorcycles, businesses, equipment, and firearms. Download and print the customizable templates for Microsoft Word and Excel, Google Docs, and PDF formats.
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If you’re selling an item where there is a possibility of buyer complications such as with a vehicle that doesn’t run or a product with known defects, you can eliminate much of your risk by disclosing the shortcomings of your item and by using a legal form that documents the details and terms of purchase.
Bill of Sale
A Bill of Sale is a document that is used to transfer ownership of a good or goods from a seller to a buyer. It acts as a proof of purchase, and is usually exchanged at the time that the ownership is actually transferred (for example, when car keys are handed over in exchange for cash). A Bill of Sale identifies the goods that are being transferred and allows the buyer to prove ownership of the goods, if there is a later dispute.
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Indicating on a bill of sale that you have sold an item "as is" protects you as a seller if the buyer encounters problems with the item after purchase. For example, if a person buys a used car from you and the motor breaks down after he or she drives away, you are not responsible for the repairs or damages, as long as your automotive bill of sale provides proof that the vehicle was sold as-is.
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A California Bill of Sale includes certain information about both the buyer and the seller: their name (printed), the date of the bill of sale, certain information about the item being sold, the amount the item was sold for, and the signatures of the involved parties. In some instances, the bill of sale may also need to be notarized.
** When selling any type of watercraft that includes a trailer please include information for both the watercraft and the trailer. If you buy the two as a pair for one price that is fine but we still need to have the correct information for the bill of sale.