As a seller or buyer of vehicle you will need a bill of sale to document the sales transaction into writing as well as to make the transaction as legal and our bill of sale template is available here that you can utilize to make it yourself on personal computer. It is a legal document that documents the transfer of ownership from one personal to another by providing necessary details about both parties and vehicle involved in the transaction. It can be used for wide range of sales transactions to mark them as legal in eyes of law in order to stay away from any legal action.
Important of bill of sale template
Basically a bill of sale in written record and evidence of the sales transaction that shows ownership of mentioned product or vehicle has been transferred from seller to buyer in exchange something of value like cash. It confirms the transfer of ownership that can keep a seller safe from legal actions in future during an unforeseen happening or incident. Elements of bill of sale may include name of the seller, buyer’s name, contact details of both parties, description of property, vehicle or any other product, its condition, agreed sum of money as cost and statement of transfer of ownership etc.
It is an important legal document to close the sales transaction in legal manner. It can be simple or complex enough based on vehicle or property involved in the transaction. Large number of websites and blogs offer their customers to prepare these documents online by using their templates and formats. You can get a free bill of sales template below the content to prepare one as per requirements and needs of the transaction. The template can be used for different simple and complex sales transactions.