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A Bill of Sale sets out the sale of a specific item from the Buyer to the Seller, stating that the Seller transfers the legal title of the item to the Buyer for a certain price. Using a Bill of Sale ensures that you and the other party understand the terms of the sale, and helps prevent any disputes from happening. It is important to note that a Bill of Sale is not appropriate for real estate or property transactions, or for the sale of shares or stock.
Use this Bill of Sale if:
- You are a selling an Animal, Appliance, Equipment, Motor Vehicle or other similar items; or
- You are buying the above item(s).
What does the Bill of Sale cover?
- Details of both parties;
- Details of sale item;
- Consideration and payment details;
- Seller warranties; and
- Inspection details.
Other names for Bill of Sale include:
- Sale Agreement; and
- Sale Contract.
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