A bill of sale is a legal document commonly used in a transaction between a seller and buyer. The purpose of the bill of sale template is to provide proof of purchase for both the seller and the buyer in the transaction.
There are many different variations of this form. Two common variations are an absolute bill of sale and a conditional bill of sale. The difference between the two forms can be understood as follows:
The absolute bill of sale form contains no form of conditional security. In other words, the absolute bill of sale simply serves as evidence that a transaction has taken place and defines the details of that transaction.
The conditional bill of sale form places stipulations on the buyer or seller in a sales transaction. If the buyer or seller does not adhere to the stipulations, the transaction will be voided.
This legally binding agreement is usually constructed by the seller and given to the purchaser highlighting the specifics of the agreed upon sale. A bill of sale form will commonly contain the following specifications:
specific date
specific locality
a particular sum of money
other value received
Our bill of sale template legally states that the seller sold to the purchaser an item or items of personal, or portion of real property of which, the seller had lawful possession to enter into a sales transaction. It is a written instrument which directly evidences the transfer of title of personal property from the vendor or seller to the purchaser.
Why Buy Our Bill of Sale Template?
Repeat use by simply modifying the document
Equally suitable for individuals and companies
Attorney reviewed
Legally binding in all USA states
Available in MS Word and PDF format
Compatible with different platforms such as Windows, MAC OSX and Linux
United States
Form ID: EAB103
