"As-is" is an important term on a Bill of Sale form. It means that the item was bought and sold in its current condition and that the buyer is accepting the item with all of its faults, whether they are apparent or not. "As-is" protects the seller from having to refund the buyer for any item-related issues after it was received and paid for.
On the other hand, it is not a smart idea to choose a free bill of sale template at random . If you are going to create a bill of sale, you should at least be familiar with the parts of such a document. After all, this is a legally binding document that could cause a great deal of problems if the essential parts are not all there. So, lets take a look at some of the parts that you should expect to see in a bill of sale template.
One thing to know is that a bill of sale template acts much like a contract, meaning that if written and executed properly, it is legally binding to all signers of the document. For that reason, it is imperative that buyers and sellers not only read the bill of sale form carefully, but also ascertain that all of the information is accurate and complete. Inaccurate information, such as an overstated sale price or a misrepresentation of the property being sold, can cause legal difficulties; incomplete information can cause problems too, which is why a properly drafted bill of sale form should include as much information as possible about the item(s) being sold and the terms of the sale.
For more details, please take alook at these vehicle bill of sale form sample below!