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A bill of sale establishes the terms of agreement for a transfer of property ownership. It also acts as proof of a sale for both the buyer and seller. In almost every case, the seller provides or drafts the bill of sale.

Although not legally required in Oregon, a Bill of Sale can be helpful if problems arise when the buyer goes to transfer the title or register the vehicle in their name. Many private owners notarize their Bill of Sale as a best practice.

VEHICLE BILL OF SALE. DEPARTMENT OF TRANSPORTATION. DRIVER AND MOTOR VEHICLE SERVICES. ... PLATE NUMBER. YEAR. ... VEHICLE DESCRIPTION. VEHICLE IDENTIFICATION NUMBER. TITLE NUMBER. DMV. I transfer all rights, title and interest in the above-described vehicle to: PRINTED NAME OF BUYER (LAST, FIRST, MIDDLE) DATE OF PURCHASE.

The Oregon bill of sale form realizes the components of a sale of personal property into a comprehensive contract, enforceable upon execution. The agreement outlines the specifics on the buyer, seller, and item to be sold, along with the conditions of the transaction, as negotiated by the involved parties.

An Oregon land contract establishes terms governing the sale of vacant land between two parties. The parties, a seller and purchaser, must create the document with all applicable terms surrounding the sale, such as the agreed-upon cost and any extra financial contingencies.

To be enforceable, a land sale contract must satisfy the Statute of Frauds, which generally requires that these contracts be in writing and signed by the parties. Note that this writing is apart from the instrument under which the actual transfer takes place, which is known as the ?deed.?