For one thing, if all of the basics are not there, then you do not have a usable bill of sale template. Even if it is free of charge, avoid any template that does not indicate a place to write or type the names of the buyer and seller, along with their addresses and telephone numbers. If also there is a place in the template to include e-mail addresses, that is even better.
To better understand the legal aspects surrounding a bill of sale, it is instructive to go online and search for a sample bill of sale. Search engines such as Google, Bing, and Yahoo are quite helpful and will yield an array of samples; look at the legal language used in these forms and take note of their common terms and elements. You can even add the word "free" to your search for a sample bill of sale, as that will enable you to search for a free bill of sale form. You might be pleasantly surprised to discover that there are free bill of sale forms available online, but be sure to verify the quality of any legal form if you actually intend to use it.
The next thing to remember is that your bill of sale template must specify the financial details of the transaction. Upon viewing the form, one should easily be able to tell how much the property was sold for and when it was sold. If there is sales tax involved, this should be noted as well; moreover, the method of payment (such as cash) should be clearly indicated in the template. Any bill of sale template, free or otherwise, ought to include these elements.
A Bill of Sale is a form that a seller uses to document the sale of an item to a buyer. It serves as a receipt for personal sales and purchases and includes buyer and seller information and details about the goods, its location, and the price. Both parties should fill out and retain a copy of the signed Bill of Sale as a proof of purchase or as a proof of payment.
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