Bill Of Sale Template Remove Electronic Signature For Free

The bill of sale is a hybrid legal document with two purposes: it confirms transfer of title to (ownership of) the property and, in doing so, serves as evidence of a contract.Both parties can sign a bill of sale but, in many instances, only the seller needs to sign it.

If your state doesn't provide a bill of sale, you can write one with key information about the vehicle and sale.

A Bill of Sale is a legal document between a seller and a buyer, documenting that a specific purchase was made on a certain date, at a certain place, and for a certain amount of money or in exchange for another valuable item.In addition, the Bill of Sale acts as proof that the buyer is now the owner of the item.

Although not strictly required, consider bringing a third party with you when the bill of sale is signed. If questions arise about the sale, that person can serve as a reporter of the transaction. Alternatively, you and the other party can notarize your signatures on the document.

The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.

A buyer and seller can email the Bill of Sale to each other. As long as both state in the email that they agree to this Bill of Sale, it is valid as a contract. A fax with both the buyer's and seller's signature on the Bill of Sale will be sufficient to implement an agreement.

Sellers can draft a bill of sale on their own, but it's often helpful to use a template. While there are no universal formats or rules for what a bill of sale should look like, the document should include the names of the seller and buyer, a description of the item being sold, and the date of the sale.