![]() This document will have everything from the buyer and seller’s information, a description of the item up for sale, the date of the sale, any other terms or warranties, and finally signatures from the buyer, seller, and any witnesses. It serves as proof of ownership and holds both parties (the buyer and the seller) accountable to the agreed terms listed in the bill of sale. How do I write a Bill of Sale Property Location - This section of the bill of sale form specifies the location of the item being sold. Common UsesĪ Generic Bill of Sale form is used as a receipt that describes all the details of the transaction between a buyer and a seller. There should be full disclosure of the details of the sale as any outside verbal agreement will not hold up in the court of law. At the parties’ option, may include a trailer or motor in the sale. The personal property, whatever it may be, is sold on an “as-is, where-is” basis with no warranty. The boat bill of sale is a legal form that handles the transfer of a vessel between a buyer and seller. The document should only be signed AFTER the sale is complete. A bill of sale records the transaction of two (2) parties. The form is needed more by the new owner if they ever need to prove ownership. The date when this bill of sale formally transfers ownership of the boat from the Seller to the Buyer must be documented. A general bill of sale is a document that acts as a receipt for any type of personal property exchanged for cash or trade.
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