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A Bill of Sale is used to protect both the seller and the purchaser in the case of any future issues. Since many purchases and sales between individuals are transacted using cash, it can be hard to prove that an item was received or paid for without proper documentation.
Free bill of sale forms are offered on this page. A bill of sale is a legal document made by a seller to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession.
In the world of legal documents, the bill of sale resides somewhere between a simple cash register receipt and a formalized title or deed. The bill of sale represents a record that a seller has sold an item of possession to a buyer. This legal document is usually drafted by the seller, and it signifies a record of the sale. The bill of sale form will include the details of the transaction, and although it will typically be signed by the seller, it is not have the legal force of a title or deed. Bills of sale do not prove ownership; rather, they only show that a transfer of ownership occurred.
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