With our proprietary form generator, all you need to do is answer a few simple questions, and we will create a Bill of Sale that conforms to your specific needs. How to Create a Bill of Sale with 360 Legal FormsĪ Bill of Sale needs to accurately reflect the terms of a sale if you want it to protect your rights surrounding the transaction effectively. You and other parties can even sign online. Fast and easyĪll you have to do is fill out a simple questionnaire, print, and sign. Right for your stateĮach document on 360 Legal Forms is customized for your state. Why Use 360 Legal Forms for Your Bill of Sale Customized for you, by youĬreate your own documents by answering our easy-to-understand questionnaires to get exactly what you need out of your Bill of Sale. Vehicle sales often require a Bill of Sale, and some states demand a signed, dated, and even notarized Bill of Sale to complete the purchase of a motor vehicle.Ī notable exception is the sale or purchase of real estate documented in a Real Estate Purchase Agreement and transferred via a deed. A Bill of Sale protects the seller to a large degree because they will have to prove ownership of the item if there is a dispute in the future.Īs a buyer, you’re well-advised to be prepared with your own Bill of Sale if you’re purchasing a vehicle. Typically, the onus is on the seller of the item to draft a Bill of Sale, but either party can create the document. In practice, a Bill of Sale is only required for a few specific types of transactions and is broadly recommended for high-value transactions. In theory, anyone who wants to document a transaction legally can use a Bill of Sale to do so, as long as both parties agree to sign it. Other Names for Bill of Saleĭepending on your state, a Bill of Sale may also be known as:
It’s not usually necessary to use a Bill of Sale to document a transaction recorded by other means, such as a receipt or an invoice. However, a Bill of Sale can be used to document any sale, regardless of the amount of money in question. Most states require a Bill of Sale to accompany the private sale of a motor vehicle for sales tax assessment and ownership transfer at the DMV, so it’s a good idea to check your local laws before selling or purchasing valuable items. Typically, a Bill of Sale is only used to document valuable transactions, such as selling a vehicle or other valuable items. In other words, when you purchase or sell an item, you can use a Bill of Sale to record the transaction to protect it from being contested at a later time. What Is a Bill of Sale?Ī Bill of Sale is a legal document explaining the details of a sale. When purchasing or buying an item, even one of modest value, a Bill of Sale helps document the terms of the transaction.
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