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An equipment bill of sale is a generaluse document that records the purchase and sale of any valuable piece of equipment. Writing an equipment bill of sale is a crucial legal document for anyone buying or selling large pieces of equipment.A bill of sale must accurately establish the chain of ownership and is: Not required to be notarized or witnessed. Seller shall deliver the Equipment along with one or more Bills of Sale as described in Section 9 necessary to transfer ownership to Buyer on the Closing Date. After exchange of payment, the Buyer renders full rights and ownership of the goods listed above. A bill of sale is useful for transferring items such as equipment, inventory, furniture, machinery, or intellectual property. Assignments of Lease Agreements and Related Documents. The dealer must provide a full refund of the sales tax, registration fees, and deposit or trade-in vehicle collected from the buyer. If You're the Buyer. Selling your vehicle, cell phone, equipment, or other personal property online or in person?