The Bill Of Sale

Bill of Sale is an official document that transfers ownership of an asset one individual to another. It is a Bill of Sale is a simple document which can be utilized to convey ownership to almost everything, from personal possessions such as furniture, jewelry, to corporate assets like vehicles or machinery. The sales bill must contain the following details: The names and addresses of the seller and buyer A description of the product being offered for sale. The date of sale The cost of purchase Any warranties or guarantees offered by sellers concerning the quality of the product being sold When drafting an Bill of Sale, it's essential to be as specific as possible regarding the nature that the sale. For instance, if selling an automobile, you'll want to include details such as the model, make, year, mileage along with the VIN. If you're selling jewelry, you'll need to include details about the metals or stones that were that were used in its creation. The more specific you can be the easier it is to ensure the terms of the sale in case there's a problem afterward. After both parties have signed that Bill of Sale, it becomes legally binding. Remember that you must always speak with an attorney prior to signing any legal document. Types of Legal Documents Available on The Bill of Sale There are three kinds of legal documents through The Bill of Sale: the purchase agreement, the deed as well as the agreement. Purchase agreements are legally binding agree