It is considered to be a legally binding contract and its authenticity is only further substantiated with endorsements from witnessing parties or a supervising notary public. The form generally requires signatures, indicating an agreement between both parties and the terms of the contract. It encompasses all identifying information surrounding the purchase and involved individuals for recording purposes. What Is a Bill of Sale?Ī bill of sale is the standard document accounting the sale of an item as well as identifying of important key elements pertaining to the item being sold, the buyer, the seller, and the purchase itself. The contents of the enclosed information are comprised of seller, buyer, and sale item information as well as signatures and dates to indicate agreement and date of transfer. This testament to the transaction can be invaluable to clear up any possible future dispute regarding ownership or liability.
A Blank Bill of Sale Form enacts an accord using a material document to commemorate the exchange of a given item for an expressed financial amount.
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