

The ultimate purpose of the bill of sale is to help selling or buying items which have significant value such as aircraft, automobiles, motorcycles, trailers, and watercrafts. Furthermore, if one party forgets to bring a bill of sale to the transaction the other party even if it’s the buyer can provide one.

A bill of sale can also protect both parties if there are any disagreements in the near future. To ensure transactions of this magnitude are properly executed, it is important that a bill of sale be completed properly and obtained at the time of sale.Ī bill of sale is usually drafted by a seller and it includes the various details of the transaction. Some transactions include expensive assets or may have sentimental value.
Notarized bill of sale sample full#
A bill of sale shows that full consideration has been provided in a transaction and that the seller has transferred all the rights to the property which was detailed in the bill of sale to the buyer.ĭepending on the type of transaction being sold in the bill of sale, the complexity of the bill of sale can vary. A bill of sale is a legally binding document that shows in writing the sale or transfer of personal property from one party to another.
