A bill of sale memorializes the important details of a transaction and serves as evidence of legal transfer of title. You can use this document for any transaction besides the sale of real estate. Bills of sale are an essential tool for proving the terms of your agreement down the road, and many states require the use of a bill of sale when transferring automobiles, aircraft, watercraft, and similar items.
Your bill of sale will record all the pertinent information surrounding the sale, including the property being sold, the date, and the price. LegalNature's form also allows you to indicate whether or not the goods being sold have any encumbrances on the title and which party will be responsible for paying off any encumbrances. Typically, the parties involved first use a sales contract to spell out the essential terms of the deal, followed up by the bill of sale to show that legal title to the goods has been transferred at the time of delivery.
LegalNature's step-by-step guidance will help you to create and download your bill of sale in a matter of minutes. Get started and protect yourself today.
This document is included in the Estate Personal Plans.
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